Coventry launches new mortgage rates

Coventry and Godiva have launched a new range of residential and buy-to-let mortgages offering borrowers some of the best mortgage rates on the market.

The new products include base rate tracker mortgages and capped rate mortgages to give customers peace of mind as experts remain divided over the timing of base rate increases.

Colin Franklin, sales and marketing director, said: "The base rate is expected to rise, but no-one knows when and by how much. That's why we are offering a choice of marketing-leading options."

He added that the new products offer competitive mortgage rates for those who think rates will stay low and for those who think that the base rate is likely to rise in the near future.

Those looking for a residential mortgage will be interested to hear that a new two-year tracker will be available at 1.79 per cent above the base rate 2.29 per cent at 65 per cent loan-to value LTV.

The Bank of England's Monetary Policy Committee will meet on January 13th to decide any changes to the current base rate.
 

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2011-01-04 15:10:29 © Moneyextra.com