Two New Flexx Fixed Rate Mortgages From Coventry

Coventry Building Society has launched 2 new Flexx Fixed rate mortgages which allow borrowers to overpay as much they like without any penalty.

By enabling penalty free overpayments on fixed rate mortgages, these two new products from Coventry are unique – borrowers can protect themselves against increases in interest rates, and potentially shed years from their mortgage.

The new mortgage products are

• 3.99% 2 Year Flexx Fixed Rate, loan to value 65%
• 4.49% 3 Year Flexx Fixed Rate, loan to value 75%

Colin Franklin, Sales and Marketing Director at Coventry, said: “With interest rates at a historic low, many people are using this opportunity to overpay on their mortgage, and in some cases, become mortgage free many years earlier than they expected. We’ve designed our flexx fixed range to allow them to continue doing this whilst benefiting from the security a fixed rate product offers”.

Coventry also have some specific first time buyer mortgages, including a 5.99% fixed rate mortgage to 30 Jun 2015 with up to 85% LTV. There’s a £199 booking fee and £300 arrangement fee and the valuation is included.

You can apply for any of the Coventry’s mortgages online, via a branch or via the telephone.