Coventry Intermediaries mortgages 'allow people to save on fees'

Date:Wednesday 29th September 2010
Author: Susanna Kavka

Consumers can save money on fees by signing up for a new range of Coventry Intermediaries mortgages, according to a source at the firm.

Colin Franklin, sales and marketing director at Coventry Building Society, made his comments regarding two three-year fixed-rate residential propositions, a buy-to-let deal and a Flexx arrangement, which feature no arrangement charges.

"These best-buy products are ideal for borrowers looking to remortgage with low upfront fees," he said.

Mr Franklin highlighted the three-year fixed-rate residential mortgages, which are available at 3.59 and 3.79 per cent interest for 65 and 75 per cent loan-to-value (LTV) arrangements respectively, as a particularly sensible choice.

In his opinion, opting for a fixed rate could protect consumers during "unpredictable times".

Meanwhile, the buy-to-let and Flexx products boast 4.49 and 3.99 per cent interest.

This month, Godiva Mortgages - an intermediary lender connected to Coventry Building Society - unveiled a residential two-year fixed-rate deal at 2.49 per cent interest.