Coventry Intermediaries has unveiled a new range of residential and buy-to-let products with rate cuts of up to 50bps on selected products for new applications.
The new deals are as follows:
Residential
- 1.99% (+1.49% Base Rate Tracker) until 31.12.18, 65% LTV £199 booking fee, £800 arrangement fee and early repayment charges (ERCs) payable to 31.12.18.
- 2.00% Flexx for Term, variable rate, 65% LTV, £199 booking fee, £800 arrangement fee with no ERCs.
- 3.25% (reduced from 3.55%) Fixed Rate until 31.12.15, 85% LTV, £199 booking fee, no arrangement fee and ERCs payable to 31.12.15.
Buy-to-let
- 2.79% (reduced from 3.29%) Fixed Rate until 31.10.15, 65% LTV £250 booking fee, £1,749arrangement fee and ERCs payable to 31.10.15.
- 3.49% Fixed Rate until 31.10.16, 65% LTV, £250 booking fee, £1,749 arrangement fee and ERCs payable to 31.10.16.
- 3.89% Fixed Rate until 31.10.18, 65% LTV, £250 booking fee, £1,749 arrangement fee and ERCs payable to 31.10.18.
Colin Franklin, managing director of Godiva Mortgages, said: ”We have got some fantastic new deals. For borrowers looking for a low rate, our market leading, five-year, Base Rate Tracker +1.49% is ideal.
“And for those looking for a low rate with the ultimate flexibility of unlimited overpayments and no ERCs, our Flexx for Term at just 2.00% is perfect. We also have a great new range for buy-to-let investors.
“Not only have we cut rates by up to 0.50% [sic] on selected products for new applications , we have also launched some highly competitive fixed rate options starting from 3.49% for 3 years. And, as always, all products include a valuation up to £670 and access to our remortgage transfer service.”