Residential remortgage rates cut by Coventry Building Society

Date:Friday 5th March 2010
Author: Max Freedman

Consumers looking to take out a remortgaging product now have the option of some reduced rate deals from the Coventry Building Society.

The range now comes as a two-year fixed-rate offer with an interest rate of 4.99 per cent available at loan-to-value (LTV) of 85 per cent, plus fees of £199.

Another two-year fixed-rate, with the unique facility of being able to make overpayments without incurring any penalties, has also been launched.

This deal has a rate of 3.99 per cent as a Residential mortgage, plus fees of £999 with a LTV of up to 65 per cent.

Colin Franklin, sales and marketing director at the Coventry and managing director of Godiva Mortgages, said: "Our new range offers real value to borrowers looking to remortgage for a better deal."

The building society recently announced its financial records for the year ending December 31st 2009, with a profit before tax of £56.2 million, up on the £26.4 million taken the year before.