FANTASTIC deals

Ian_Griffiths_Halifax

Coventry Building Society are offering - FOR EXISTING CUSTOMERS - who's deals are coming to an end, a Fixed Rate of 4.99% until to 30.06.14.

Though the rate might not be very exciting, compared to other 5 year deals available, the thing is, this is for 100% LTV Cases and customers in Negative Equity can also switch onto this deal.

Not only that, but the same rate is available for Buy to Lets - INCLUDING NEGATIVE EQUITY, through Godiva Mortgages, the Coventy subsidiary.

If you have arranged a mortgage with Coventry Building Society or Godiva through a Broker, please note that they won't receive any procuration fee from the lender for arranging this mortgage for you, so be prepared to pay them a reasonable fee for doing it for you.

DISCLAIMER: IN ADDITION TO THE BROKER SIGNATURE DISCLAIMER I WOULD ALSO LIKE TO POINT OUT THAT THIS IS NOT MORTGAGE ADVISE, I AM SIMPLY MAKING YOU AWARE OF THIS DEALS AVAILABLITY.

socrates

Incidentally I spoke to them this morning - if the LTV is less than 75% then they have another 3 year deal @ 4.65% fixed rate.

Ian_Griffiths_Halifax

They have a number of fresh deals, but I thought this in particular, for negative equity cases was good.

Hillfly

Can I clarify these deals are only for existing customers?

System

Abbey has a deal close to that, 5% LTV with a £2,500 fee and 7.09%... oh wait no, that's a total rip off.

silvercar

Coventry Building Society are offering - FOR EXISTING CUSTOMERS - who's deals are coming to an end, a Fixed Rate of 4.99% until to 30.06.14.

I would hazard a guess that there aren't that many Coventry customers with deals coming to an end.

Two years ago the 2 and 3 year fixes they offered then had a second part to the deal which was a lifetime tracker at rates about BOE base rate +0.75%. The deal doesn't seem so attractive compared to the tracker.

Gorgeous_George

[pedant_mode]

It's 'advice' and not 'advise' that mortgage advisers give.

[/pedant_mode]

GG

socrates

silvercar wrote: »

I would hazard a guess that there aren't that many Coventry customers with deals coming to an end.

Two years ago the 2 and 3 year fixes they offered then had a second part to the deal which was a lifetime tracker at rates about BOE base rate +0.75%. The deal doesn't seem so attractive compared to the tracker.

But for the flexx customers who are currently paying 4.54% it can be advantageous.

I will wait and see what happens with the last rate cut if they do not pass it on then I think that 4.54% will be as low as they go - and then it can only go higher.

silvercar

socrates wrote: »

But for the flexx customers who are currently paying 4.54% it can be advantageous.

I will wait and see what happens with the last rate cut if they do not pass it on then I think that 4.54% will be as low as they go - and then it can only go higher.

If 4.54 is as low as they go, I would fix at 4.99.

Some things to check:

What is the follow on rate?

Any penalties for paying off early?

Any further discount for privilege customers?

socrates

silvercar wrote: »

If 4.54 is as low as they go, I would fix at 4.99.

Some things to check:

What is the follow on rate?

Any penalties for paying off early?

Any further discount for privilege customers?

Waiting for the announcement but in the meantime have asked them to forward all the paperwork.

I have only been with them since last January so do not qualify as a privilege customer.

There is a penalty but zero chance of me paying off anyway.

Ian_Griffiths_Halifax

Gorgeous_George wrote: »

[pedant_mode]

It's 'advice' and not 'advise' that mortgage advisers give.

[/pedant_mode]

GG

I was in a rush