SYS-CON MEDIA Authors: Lori MacVittie, RealWire News Distribution, Kevin Remde

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Coventry Building Society Cuts Rates by Up to 0.50% With a New Range of Competitive 2 Year Fixed Deals With No Arrangement Fees

LONDON, UNITED KINGDOM -- (Marketwire) -- 01/16/13 -- Coventry Building Society has cut rates on their highly competitive range of 2 and 5 year fixed rates. Available with a range of fee structures from Thursday 17th January, highlights include;


2 Year Fixed Mortgages                                                      

--  2.35% (reduced from 2.49%) 2 Year Fixed Rate until 31.03.15, 65% LTV GBP
    199 booking fee with GBP 800 arrangement fee and ERCs of 3% of balance
    until 31.03.15 
--  2.65% (reduced from 2.89%) 2 Year Fixed Rate until 31.03.15, 65% LTV GBP
    199 booking fee, no arrangement fee and ERCs of 3% of balance until
    31.03.15 
--  3.55% (reduced from 3.85%) 2 Year Fixed Rate until 31.03.15, 85% LTV,
    GBP 199 booking fee with GBP 800 arrangement fee and ERCs of 3% of
    balance until 31.03.15  
--  3.75% (reduced from 4.25%) 2 Year Fixed Rate until 31.03.15, 85% LTV,
    GBP 199 booking fee, no arrangement fee and ERCs of 3% of balance until
    31.03.15 

5 Year Fixed Mortgages                                                      

--  2.95% 5 Year Fixed Rate until 31.03.18, 65% LTV GBP 199 booking fee with
    GBP 800 arrangement fee and ERCs of 3% of balance until 31.03.18 
--  3.15% (reduced from 3.39%) 5 Year Fixed Rate until 31.03.18, 65% LTV GBP
    199 booking fee with no arrangement fee and ERCs of 3% of balance until
    31.03.18 

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: "Our recent, highly competitive residential range has just got even better! Not only have we reduced rates on our 2 year fixed deals starting at a competitive rate of 2.35%, we have also cut prices across our range with some fantastic low rates, available up to 90% LTV, many with no arrangements fees. And as all products include a valuation up to GBP 670 and access to our remortgage transfer service, we are confident that there is something for everyone in our new range."


----------------------------------------------------------------------------
                             The                                            
                           overall                                          
                          cost for                                          
                 Current comparison              Fees and                   
Coventry BS       Rate       is      Max LTV    incentives   ERC            
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
2.35% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: GBP 800                   
Variable rate                                Valuation up to                
to 31.03.18,                                 GBP 670                        
currently at      2.35%   4.3% APR     65%   included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
2.45% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: GBP 300                   
Variable rate                                Valuation up to                
to 31.03.18,                                 GBP 670                        
currently at      2.45%   4.3% APR     65%   included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
2.65% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: None                      
Variable rate                                Valuation up to                
to 31.03.18,                                 GBP 670                        
currently at      2.65%   4.3% APR     65%   included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
----------------------------------------------------------------------------
                                                                            
                                                                            
----------------------------------------------------------------------------
                             The                                            
                           overall                                          
                          cost for                                          
                 Current comparison              Fees and                   
Coventry BS       Rate       is      Max LTV    incentives    ERC           
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
2.89% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: None                      
Variable rate                                Valuation up to                
to 31.03.18,     2.89%    4.4% APR    70%    GBP 670                        
currently at                                 included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
2.99% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: GBP 800                   
Variable rate                                Valuation up to                
to 31.03.18,     2.99%    4.5% AER    80%    GBP 670                        
currently at                                 included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
3.19% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: None                      
Variable rate                                Valuation up to                
to 31.03.18,     3.19%    4.4% APR    80%    GBP 670                        
currently at                                 included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
3.55% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: GBP 800                   
Variable rate                                Valuation up to                
to 31.03.18,     3.55%    4.6% APR    85%    GBP 670                        
currently at                                 included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
3.75% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: None                      
Variable rate                                Valuation up to                
to 31.03.18,     3.75%    4.5% APR    85%    GBP 670                        
currently at                                 included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
----------------------------------------------------------------------------
                                                                            
                                                                            
                                                                            
----------------------------------------------------------------------------
                             The                                            
                           overall                                          
                          cost for                                          
                 Current comparison              Fees and                   
Coventry BS       Rate       is      Max LTV    incentives   ERC            
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
4.35% Fixed to                               Booking Fee:                   
31.03.15                                     GBP 199         3% of the      
Followed by                                  Arrangement     balance to     
Standard                                     Fee: GBP 800    31.03.15       
Variable rate                                Valuation up to                
to 31.03.18,      4.35%   4.7% APR     90%   GBP 670                        
currently at                                 included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
4.55% Fixed to                               Booking Fee:    3% of the      
31.03.15                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.15       
Standard                                     Fee: None                      
Variable rate                                Valuation up to                
to 31.03.18,      4.55%   4.7% APR     90%   GBP 670                        
currently at                                 included                       
4.74%. Followed                              Remortgage                     
by Privilege                                 Transfer                       
rate for the                                 Service                        
remainder of                                 included                       
the mortgage,                                                               
currently 4.49%                                                             
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
2.95% Fixed to                               Booking Fee:    3% of the      
31.03.18                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.18       
Privilege rate                               Fee: GBP 800                   
for the           2.95%   4.0% APR     65%   Valuation up to                
remainder of                                 GBP 670                        
the mortgage,                                included                       
currently 4.49%                              Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
3.15% Fixed to                               Booking Fee:    3% of the      
31.03.18                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.18       
Privilege rate                               Fee: None                      
for the           3.15%   4.1% APR     65%   Valuation up to                
remainder of                                 GBP 670                        
the mortgage,                                included                       
currently 4.49%                              Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
3.39% Fixed to                               Booking Fee:    3% of the      
31.03.18                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.18       
Privilege rate                               Fee: None                      
for the           3.39%   4.2% APR     70%   Valuation up to                
remainder of                                 GBP 670                        
the mortgage,                                included                       
currently 4.49%                              Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
4.19% Fixed to                               Booking Fee:    3% of the      
31.03.18                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.18       
Privilege rate                               Fee: None                      
for the           4.19%   4.5% APR     85%   Valuation up to                
remainder of                                 GBP 670                        
the mortgage,                                included                       
currently 4.49%                              Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
----------------------------------------------------------------------------
                                                                            
                                                                            
----------------------------------------------------------------------------
                             The                                            
                           overall                                          
                          cost for                                          
                 Current comparison              Fees and                   
Coventry BS       Rate       is      Max LTV    incentives   ERC            
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
4.79% Fixed to                               Booking Fee:    3% of the      
31.03.18                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.18       
Privilege rate                               Fee: GBP 800                   
for               4.79%   4.8% APR     90%   Valuation up to                
the remainder                                GBP 670                        
of the                                       included                       
mortgage,                                    Remortgage                     
currently 4.49%                              Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
4.99% Fixed to                               Booking Fee:    3% of the      
31.03.18                                     GBP 199         balance to     
Followed by                                  Arrangement     31.03.18       
Privilege rate                               Fee: None                      
for the           4.99%   4.9% APR     90%   Valuation up to                
remainder of                                 GBP 670                        
the mortgage,                                included                       
currently 4.49%                              Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
Flexx for Term                               Booking Fee:                   
                                             GBP 199         None           
                                             Arrangement                    
                                             Fee: GBP 800                   
                  3.05%   3.2% APR     65%   Valuation up to                
                                             GBP 670                        
                                             included                       
                                             Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
Flexx for Term                               Booking Fee:                   
                                             GBP 199         None           
                                             Arrangement                    
                                             Fee: None                      
                  3.25%   3.3% APR     65%   Valuation up to                
                                             GBP 670                        
                                             included                       
                                             Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
Flexx for Term                               Booking Fee:                   
                                             GBP 199         None           
                                             Arrangement                    
                                             Fee: GBP 800                   
                  4.09%   4.3% APR     85%   Valuation up to                
                                             GBP 670                        
                                             included                       
                                             Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Residential                                                                 
Flexx for Term                               Booking Fee:                   
                                             GBP 199         None           
                                             Arrangement                    
                                             Fee: None                      
                  4.29%   4.4% APR     85%   Valuation up to                
                                             GBP 670                        
                                             included                       
                                             Remortgage                     
                                             Transfer                       
                                             Service                        
                                             included                       
                                                                            
----------------------------------------------------------------------------
Buy to Let                                                                  
3.79% Fixed to                               Booking Fee:    3% of the      
31.01.15                                     GBP 250         balance to     
Followed by                                  Arrangement     31.01.15       
Standard                                     Fee: GBP 1,749                 
Variable rate     3.79%   4.9% APR     70%   Valuation up to                
for the                                      GBP 700                        
remainder of                                 included                       
the mortgage,                                Remortgage                     
currently 4.74%                              Transfer                       
                                             Service                        
                                             included                       
----------------------------------------------------------------------------
                                                                            
                                                                            
----------------------------------------------------------------------------
                             The                                            
                           current                                          
                          cost for                                          
                 Current comparison              Fees and                   
Coventry BS       Rate       is      Max LTV    incentives   ERC            
                                                                            
----------------------------------------------------------------------------
Buy to Let                                                                  
3.89% Fixed to                               Booking Fee:    3% of the      
31.01.15                                     GBP 250         balance to     
Followed by                                  Arrangement     31.01.15       
Standard                                     Fee: GBP 1,749                 
Variable rate     3.89%   4.9% APR     75%   Valuation up to                
for the                                      GBP 700                        
remainder of                                 included                       
the mortgage,                                Remortgage                     
currently 4.74%                              Transfer                       
                                             Service                        
                                             included                       
----------------------------------------------------------------------------

Customers wishing to apply for any of the Coventry's mortgages should telephone the Customer Service Centre on 0845 7665522, log on at coventrybuildingsociety.co.uk or visit any of the Coventry's 70 branches.

Our Customer Service Centre is open seven days a week, and our advisors are available Monday to Friday 8am-8pm, Saturday 9am-5pm and Sunday 10am-4pm. Our 24 hour self-service telephone option is also available 24 hours a day, 365 days a year.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Contacts:
Coventry Building Society
Press Office
0870 607 7727
media@thecoventry.co.uk
www.thecoventry.co.uk

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