Coventry Building Society has announced that it will add new offsets to its existing range of mortgages, effective August 29, 2008.

The new products include a three-year fixed rate at 5.99% and a 10-year fixed rate at 6.09% with five years early repayment charges, both available at 75% loan-to-value, with free valuation and free remortgage transfer service. In addition, new buy-to-let products have also been added to its range.

Colin Franklin, head of sales at the Coventry, said: Recently there has been reductions in swap prices and at the Coventry we are very keen to pass these reductions on, we have done this in the form of even more competitively priced products for intermediaries and customers.