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Coventry Building Society – Capped BBR Tracker to 30.6.12

Coventry Building Society – Capped BBR Tracker to 30.6.12

Type: Capped-rate tracker mortgage

Tracker term: Until June 30, 2012

Tracker rate: 2.49% above the Bank of England base rate

Capped term: Until June 30, 2012

Capped rate: 3.99%

Payable rate: 2.99%

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 £650, free legal fees for remortgages

Flexible features: Payment holiday 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 two years

Introducer’s fee: Subject to negotiation

Tel: 0845 757 3612


Gregor Watt, Deputy editor, Money Marketing

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