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Coventry Building Society – +2.39% BBR Tracker

Coventry Building Society – +2.39% BBR Tracker

Type: Tracker mortgage

Tracker term: Until March 31, 2012

Tracker rate:  2.19% above the Bank of England base rate

Payable rate: 2.89%

Minimum loan: £1,000

Maximum loan: Up to 75% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 5% a year allowed without penalty, one free valuation up to £640, free legal fees or £200 contribution towards legal costs

Flexible features: Overpayments, payment holidays of up to three months a year, interest calculated daily

Arrangement fee: £800 plus £199 booking fee

Redemption fee: 4% of the amount repaid in the first two years of the term

Introducer’s fee: Subject to negotiation

Tel: 0845 757 3612

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