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Coventry Building Society – Flexx Capped Rate Mortgage

Coventry Building Society

Flexx Capped Rate Mortgage

Type: Flexible capped-rate tracker mortgage

Capped term: Until December 31, 2006

Capped rate: 5.3%

Tracker term: Life of loan

Tracker rate: 0.69% above Bank of England base rate

Payable rate: 5.3%

Minimum loan: 1,500

Maximum loan: Up to 95%% of valuation subject to a maximum of 200,000, up to 85% of valuation subject to a maximum of 300,000, up to 75% of valuation subject to a maximum of 500,000, up to 70% of valuation subject to a maximum of 1m

Income multiples: Up to 95% of valuation up to 3.75 times principal income plus second or 2.85 times joint, up to 75% of valuation up to four times principal income plus second or three times joint

Conditions: Arrangement fee waived for remortgages, one free mortgage valuation up to 650

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

Arrangement fee: 250 plus booking fee 199

Redemption fee: None

Introducers fee: Subject to negotiation

Tel: 02476 839230


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