Mortgage-hunting Brits given new options

Friday, June 25 2010

Britons on the hunt for a mortgage may be interested in a range of new products being offered by the Coventry Building Society.

Indeed, such is the range of deals being made available by the lender, the use of a comparison site such as Money Village to match the offerings to individual requirements may be a must.

The building society is launching a home loan at a fixed rate of 4.2 per cent until June 2013, which will be available to potential buyers who can raise 30 per cent of the value of a property up front.

For those without access to such a significant deposit, the organisation is also offering an 85 per cent loan-to-value deal with a fixed rate of 4.99 per cent for two years.

Colin Franklin, sales and marketing manager at Coventry, says: "For anyone looking to purchase or remortgage with protection against future interest rate rises, our fixed rate mortgages are perfect."

Fellow lenders Britannia and the Co-operative Bank also released new mortgages on to the market this week.