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Coventry Building Society – 3.99% Three-Year Fixed

Coventry Building Society

3.99% Three-Year Fixed

Type: Fixed-rate mortgage

Fixed term: Until June 30, 2012

Fixed rate: 3.99%

Minimum loan: £1,000

Maximum loan: Up to 65% 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 for remortgages

Flexible features: Payment holidays of up to three months a year after first six months, interest calculated daily

Arrangement fee: £800 plus £199 booking fee

Redemption fee: 4% of the amount repaid in the first three year

Introducer’s fee: Subject to negotiation

Tel: 0845 7573612


Cooperative doesn’t live up to its name

As an adviser in this age of great enlightenment of the RDR, transparency, CAR , TCF, it is a shock to be swiftly transported back to the 1970s when asking for an open market option from the Cooperative Insurance Company which just seems to want to hang on to the money to the bitter end.


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