Bonding with Coventry01

Coventry Building Society has launched a limited issue fixed rate savings bond - the internet-based bond offering 5.80%(AER/gross pa) fixed until January 31st 2008. For those electing to take monthly income a 5.60% rate (5.75% AER) is on offer.

Minimum investment is £1,000, maximum £250,000.

Meanwhile, the Society has improved its credit impaired lending policy for mortgages by raising the maximum LTV to 90%.

In addition, all defaults will now be ignored, as will any CCJs registered over 36 months ago.

Customers will also now have the ability to transfer to prime products.

27 October 2006 © Moneyextra.com

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