Coventry Intermediaries launches low rate mortgages

Coventry Intermediaries has launched a wide range of first-time buyer and residential mortgages through Godiva Mortgages Ltd and Coventry Building Society.

The new mortgages "have something for everyone" with Godiva offering an adjustable rate mortgage with 50 per cent loan to value with an applied rate of 2.75 per cent as well as a 2.99 per cent fixed rate until September 2012.

Colin Franklin, managing director of Godiva Mortgages, said: "We remain, as always, committed to our pledges including no dual pricing. Unlike other lenders all of our products are available through brokers or direct at the same price - we are exclusively whole of market."

Coventry Building Society is offering first-time buyers an interest rate of 5.85 per cent fixed till 2015 with an 85 per cent loan to value.

However, there is an increase to 90 per cent loan to value if the applicant or the applicant's parents, grandparents or guardian have held a savings account with Coventry for at least three years.

Coventry Intermediaries is the latest mortgage provider to offer a range of new mortgage rates for its customers after NatWest and RBS unveiled new mortgage deals last month.
 

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2010-08-18 15:07:22 © Moneyextra.com