FANTASTIC deals

poppy10_2

Don't you have to pay off the negative equity to get the LTV down to 100% before you can get this deal?

It says the max LTV is 100%.

RedPing1977

Ian_Griffiths_Halifax wrote: »

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.

What a bold move by Coventry building society to make the 'first move' as it were. :T
Hopefully this will show some of the larger players that this can be done & set an example to a bit of good news on here.

God knows we need it!

Would love to see Northern Rock follow suit for existing borrowers when they re-enter the mortgage market in the coming months.

Ian_Griffiths_Halifax

poppy10 wrote: »

Don't you have to pay off the negative equity to get the LTV down to 100% before you can get this deal?

It says the max LTV is 100%.

No, that's the good thing about it. They would get this deal WITH negative equity.