From: rob@/remove/ghosh.co.uk (Rob Beattie)
Newsgroups: uk.finance
Subject: Re: Coventry Building society - Confused about thier mortgage products
Date: Wed, 10 Dec 2003 23:27:14 GMT

On Wed, 10 Dec 2003 09:55:39 +0000, john boyle 
wrote:

>In message <3fd611f9.6050226@text.news.ntlworld.com>, Rob Beattie 
> writes
>>Coventry's Flexx rate is over 1.5% lower than their variable rate and
>>will aplly for the life of the mortgage. So why would anyone apply for
>>their standard variable product when it is so much dearer?
>>It seems to be a bargain unless I am missing something.
>
>Nobody does apply for it. Its what many people end up paying when their 
>'special deal' expires because most deals, unlike the flexx, only last 
>for a year or so.
Ah so a special deal, say fixed rate mortgage for 3 years will revert
to the Flexx deal after the 3 years are up and will continue for the
remainder of the term e.g. 17 years of a 20 year mortgage.
That still sounds like a good deal. You don't see any catches do you?