Coventry Building Society Flexx Capped mortgage among new offers

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Coventry Building Society Flexx Capped mortgage among new offers

A Coventry Building Society Flexx Capped mortgage has been announced today, with a capped rate of 4.99 per cent until May 31st 2009.

The deal will track the Bank of England (BoE) base rate plus 0.75 per cent for the length of the term and does not have any early repayment charges (ERCs).

Another package was unveiled, which will also track at 0.75 per cent above the BoE base rate, will be capped at 4.89 per cent until May 31st 2009 and have ERCs of 2.5 per cent of the balance in the opening three-year period.

This offer does have the option to repay five per cent of the balance per year without penalty.

Both the Coventry Building Society Flexx Capped and Capped mortgage are available for first-time buyers and house movers and offer free valuation and legal fees for remortgagors.

A £350 arrangement fee that will be added on completion is payable, as is a £199 booking fee.