April 17, 2013 at 10:30 AM EDT
Coventry Intermediaries Launches Highly Competitive Range of Offset and Flexx for Term Mortgages

LONDON, UNITED KINGDOM -- (Marketwired) -- 04/17/13 -- This news release is for the use of journalists only.

Coventry Intermediaries has launched a highly competitive range of Offset and Flex for Term options. The new range offers Flexx for Term deals with low rates from 2.65% available at 65% LTV and Offset 5 year fixed rates 3.35%. Available from Wednesday 17th April highlights include;


--  2.65%, Flexx for Term, 65% LTV GBP 199 booking fee with GBP 800
    arrangement fee and no early repayment charges.
--  3.35%, Offset, 5 Year Fixed Rate until 30.06.18, 65% LTV GBP 199 booking
    fee with GBP 300 arrangement fee and ERCs of 3% of balance until
    30.06.18.
--  3.89%, Offset, 5 Year Fixed Rate until 30.06.18, 80% LTV GBP 199 booking
    fee with GBP 300 arrangement fee and ERCs of 3% of balance until
    30.06.18.

Colin Franklin, Managing Director, Godiva Mortgages, said: "We are confident that our new highly competitive range of Flexx for Term and Offset mortgages will be very popular with borrowers looking for great rates and flexibility. For borrowers who want to use their savings to reduce their mortgage interest, we have some great Offset deals. Borrowers will have easy access to their savings whist enjoying low mortgage rates from as little as 2.75%. And for those looking for flexibility with unlimited over payments and no ERCs, our Flex for Term range with rates starting from 2.65% is ideal. As always, all products include a valuation up to GBP 670 and access to our remortgage transfer service."

Full details of the new products are attached.


----------------------------------------------------------------------------
                           The overall
                              cost for
                   Current  comparison   Max
Coventry BS           Rate          is   LTV  Fees and incentives        ERC
----------------------------------------------------------------------------
Residential          2.59%    4.4% APR   75% Booking Fee: GBP 199  3% of the
2.59% Fixed to                                   Arrangement Fee: balance to
30.06.15                                                  GBP 800   30.06.15
Followed by                                       Valuation up to
standard variable                                GBP 670 included
rate 30.06.18,                                Remortgage Transfer
currently 4.74%.                                 Service included
Followed by
Privilege Rate for
the remainder of
the mortgage,
currently at 4.49%

----------------------------------------------------------------------------
Residential          2.65%    2.8% APR   65% Booking Fee: GBP 199       None
Flexx for Term                                   Arrangement Fee:
                                                          GBP 800
                                                  Valuation up to
                                                 GBP 670 included
                                              Remortgage Transfer
                                                 Service included

----------------------------------------------------------------------------
Residential          2.75%    2.9% APR   65% Booking Fee: GBP 199       None
Flexx for Term                                   Arrangement Fee:
                                                          GBP 500
                                                  Valuation up to
                                                 GBP 670 included
                                              Remortgage Transfer
                                                 Service included

----------------------------------------------------------------------------
Residential          2.85%    3.0% APR   75% Booking Fee: GBP 199       None
Flexx for Term                                   Arrangement Fee:
                                                          GBP 800
                                                  Valuation up to
                                                 GBP 670 included
                                              Remortgage Transfer
                                                 Service included

----------------------------------------------------------------------------
Offset               2.75%    4.4% APR   65% Booking Fee: GBP 199  3% of the
2.75% Fixed to                                   Arrangement Fee: balance to
30.06.15                                                  GBP 300   30.06.15
Followed by                                       Valuation up to
standard variable                                GBP 670 included
rate 30.06.18,                                Remortgage Transfer
currently 4.74%.                                 Service included
Followed by
Privilege Rate for
the remainder of
the mortgage,
currently at 4.49%

----------------------------------------------------------------------------
Offset               3.39%    4.5% APR   80% Booking Fee: GBP 199  3% of the
3.39% Fixed to                                   Arrangement Fee: balance to
30.06.15                                                  GBP 300   30.06.15
Followed by                                       Valuation up to
standard variable                                GBP 670 included
rate 30.06.18,                                Remortgage Transfer
currently 4.74%.                                 Service included
Followed by
Privilege Rate for
the remainder of
the mortgage,
currently at 4.49%

----------------------------------------------------------------------------
Offset               3.35%    4.4% APR   65% Booking Fee: GBP 199  3% of the
3.35% Fixed to                                   Arrangement Fee: balance to
30.06.18                                                  GBP 300   30.06.18
Followed by                                       Valuation up to
Privilege Rate for                               GBP 670 included
the remainder of                              Remortgage Transfer
the mortgage,                                    Service included
currently at 4.49%

----------------------------------------------------------------------------
Offset               3.89%    4.4% APR   80% Booking Fee: GBP 199  3% of the
3.89% Fixed to                                   Arrangement Fee: balance to
30.06.18                                                  GBP 300   30.06.18
Followed by                                       Valuation up to
Privilege Rate for                               GBP 670 included
the remainder of                              Remortgage Transfer
the mortgage,                                    Service included
currently at 4.49%

----------------------------------------------------------------------------
Offset               2.95%    3.1% APR   65% Booking Fee: GBP 199       None
Offset Flexx for                                 Arrangement Fee:
Term                                                      GBP 300
                                                  Valuation up to
                                                 GBP 670 included
                                              Remortgage Transfer
                                                 Service included

----------------------------------------------------------------------------
Offset               3.49%    3.6% APR   80% Booking Fee: GBP 199       None
Offset Flexx for                                 Arrangement Fee:
Term                                                      GBP 300
                                                  Valuation up to
                                                 GBP 670 included
                                              Remortgage Transfer
                                                 Service included

----------------------------------------------------------------------------

For more information mortgage introducers should telephone the central intermediary support team on 0845 757 3612 (available Monday to Friday, 9.00am to 5.00pm) or log onto www.coventryintermediaries.co.uk.

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

Contacts:
For more information or additional comment please contact:
Press Office
0870 607 7727
media@thecoventry.co.uk
We monitor and record phone calls.

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