Coventry Building Society mortgages 'keenly priced'

Date:Wednesday 1st September 2010
Author: Max Freedman

Consumers can currently enjoy well-priced Coventry Building Society mortgages, according to a source from the firm.

Sales and marketing director at the company Colin Franklin stressed that the interest rates charged in relation to loan-to-value (LTV) ratios are at a competitive level.

He said: "In a tough market customers need to be confident they are getting the best deal."

His comments were made after a selection of residential Coventry Building Society mortgages had their interest rates reduced, with Mr Franklin urging people to take advantage of the new rates while they are available.

Among the products available at the institution is a two year fixed-rate at 2.99 per cent interest at 65 per cent LTV, a 75 per cent LTV three-year fixed-rate at 3.59 per cent interest and an 85 per cent LTV two-year fixed-rate at 4.65 per cent interest.

Last month, the firm revealed that it enjoyed a 40 per cent increase in its underlying profit before tax in the first six months of the year.