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Godiva launches 2.49% fixed rate

Godiva Mortgages has added a new two-year fixed rate mortgage at 2.49 per cent to its residential mortgage range.

The lender, which is Coventry Building Societies’ intermediary arm, has also added a three-year fixed rate at 2.99 per cent. Both loans are available at a loan-to-value of 60 per cent.

The booking fee for both products is £199 and there is an arrangement fee of 1.5 per cent. Valuations are included, and legal fees are included for remortgage customers if instructed by the lender’s solicitors.

Head of sales Darin Landon says: “These market leading products not only offer some of the best rates available but also provide peace of mind for borrowers in these unpredictable times. The combination of highly competitive rates and fees will make these mortgages a popular addition to our residential range. Brokers need to act now to avoid missing out.”

Coventry Building Society last month restructured its intermediary business following its merger with Stroud & Swindon in a move that saw the In The Loop brand scrapped for new business. Coventry now accept its intermediary mortgage business via Coventry Intermediaries’ two brands – Coventry Building Society and Godiva Mortgages.

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