Coventry BS offers 100% mortgages

Coventry building society has become the first lender to offer re-mortgage deals worth 100 per cent of a property’s value to customers in negative equity. Customers who took out loans of up to 125 per cent who are coming to an end of their mortgage deal can now get a five-year fixed rate deal worth 100 per cent of a property’s loan-to-value, with no booking or arrangement fees.