Coventry updates mortgage portfolio
28 June 2004
Coventry Building Society has announced it is updating its mortgage portfolio to open up new products to all types of borrowers.
The building society has said it will now be offering its range to include house movers, first time buyers, remortgagers, buy to let and self-certification borrowers.
Additionally, following the Bank of England Base Rate increase of another quarter per cent, Coventry will be increasing its standard variable rate by 0.25 per cent to 6.54 per cent.
The society's privilege rate, for borrowers of five years or more, will also be increased by a quarter of a per cent to 6.28 per cent.
Many of the products in the range include no additional arrangement fees for remortgagers and discounted or free legal fees.
Buy to let and residential borrowers receive one free valuation up to £680 and £650, respectively.
In some cases, there is also the option of a free remortgage transfer service includes legal fees if the society's nominated solicitor is used.
Coventry has enjoyed a number of awards this year, including "Best Capped Rate Mortgage Provider", "Best Online Lender" and "Best Online Mortgage Provider".