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Coventry BS to launch two new five-year fixes

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Coventry Intermediaries, the intermediary lending arm of Coventry Building Society, is to launch two new five-year fixed rate mortgage deals.

From tomorrow, it will offer 3.49 per cent deal with a £199 booking fee and £800 arrangement fee, and a 3.6 per cent deal with a £199 booking fee and no arrangement fee. Both deals are available to 65 per cent loan-to-value.

Each product comes with one basic valuation and a legal package for remortgage customers.

Godiva Mortgages managing director Colin Franklin says: “Only one week after launching our range of two, three and four-year deals we are extending our market leading range still further and offering genuine value to clients. A rate of 3.49 per cent is the best five-year fix on the market today. Alternatively, clients can choose to take a rate at 3.6 per cent with no arrangement fee if they prefer.”

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