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Coventry BS launches “Flexx” product range

Coventry Building Society has today launched a new range of Flexx mortgage products, which allow unlimited over payments with no early repayment charges.

The range includes two Flexx capped deals, one of which is capped at 3.99 per cent for two years, with an initial pay rate of 2.99 per cent for a loan-to-value of 65 per cent. The second capped product is priced at 4.49 per cent for two years, with an initial pay rate of 3.49 per cent and an LTV of 75 per cent.

The society is also launching a further fixed a Flexx for Term rates, including a 2.89 per cent Flexx for term with an LTV of 65 per cent, a 3.15 per cent Flexx for term at a 75 per cent LTV and a 3.99 per cent three-year fixed-rate with an LTV of 70 per cent.

Marketing and product manager Ed Sadler says: “Many people are looking to protect themselves against potential interest rate rises whilst benefiting from our historically low rates, and our new Flexx Capped products are perfect. Not only do they give peace of mind that payments will not exceed the capped rate, they also provide flexibility as borrowers are able to make unlimited over payments with no ERC’s ”.

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