Coventry launches new fixed-rate mortgages

Date:Thursday 24th June 2010
Author: Max Freedman

Coventry mortgages has announced it is to launch new rates on its fixed-rate products.

Consumers who are looking to take their first steps onto the property ladder may find that it is the ideal time for them to do so, as the lender is now offering products with a rate of 4.2 per cent.

This price is being put on to its three-year loan that is available with a mortgage of up to 70 per cent loan-to-value (LTV).

Available for both those who are looking to get their first home and those who are looking for a new deal, the product also includes one valuation worth up to £650, as well as a legal package for those who are remortgaging their homes.

The announcement comes shortly after Co-operative and Britannia Bank announced it was to cut the rate on its 90 per cent LTV mortgages to 4.99 per cent for the two-year fixed-rate product.