Godiva Mortgages Launches New Mortgage
Deal
25/06/2007
Godiva mortgages have launched a new
type of mortgage deal in the market . It is a flexible fixed-rate
deal created to give borrowers an easy way up the property ladder.
Coventry building society's specialist-lending arm has launched
a 2-year product with an interest charge of 6.44 per cent and
a loan-to-value (LTV) of 95 per cent via the mortgage
deal.
In this new mortgage deal there are no early repayment or higher
lending charges, the deal comes with a £199 booking fee
and leaves borrowers the option of making overpayments if they
choose they wanted to.
Managing director from Godiva, Colin Fanklin explained that the
new product offered borrowers the flexibility and combination,
it also in addition offers security. He said the product was
mainly aimed at home movers and first-time buyers.
Ray Boulger not long ago testified to the popularity of 100
per cent mortgage deals among first-time buyers.
He explained that this type of deal would get young professionals
on the property market faster than a lower LTV product.
