Coventry Building Society Flexx mortgage launched

Coventry Building Society have unveiled their new five year Flexx Fixed rate mortgage.

The building society, the fifth largest in the UK, is offering the product to its customers at a fixed rate of 4.85 per cent until September 30th 2010.

From then it reverts to a rate fixed at 0.75 per cent above the Bank of England Base rate tracker for the term of the mortgage.

The mortgage is available for loans of up to 95 per cent loan to value, with free legal fees available for remortgagors.

The product also benefits from?no early repayment charges while a £199 booking fee is payable on application and a £350 arrangement fee is added on completion.