Coventry for intermediaries has reduced the rates on selected Residential mortgages by 10 basis points, with the changes applying to 85-95% LTV products.
Plus, the lender has launched a new competitive 95% LTV 2 Year Fixed mortgage at 3.65% with no product fee.
Highlights of the competitive Residential range include:
- 05% (was 2.15%) 2 Year Fixed to 30.09.23 with ERCs until 30.09.23. 85% LTV, £999 product fee. (Available for Purchase)
- 15% (was 3.25%) 5 Year Fixed to 30.09.26 with ERCs until 30.09.26. 90% LTV, £999 product fee. (Available for Purchase, Remortgage, Further Advance and Product Transfer.)
- 65% 2 Year Fixed to 30.09.23 with ERCs until 30.09.23. 95% LTV. No product fee. (Available for Purchase and Product Transfer)
Jonathan Stinton, Head of Intermediary Relationships at Coventry Building Society, said: “Our high LTV Residential mortgages are now even more competitive, which is great news for brokers and their clients with smaller deposits. Whether brokers are looking to help their clients take that all-important first step onto the property ladder or support those looking to remortgage to a lower rate, there’s a competitive option for a wide range of clients in our Owner-Occupier range.
“And we now have a 2 Year Fixed no fee option at 95% LTV, which is great news for brokers with clients looking to keep their upfront costs low.”
To see the latest products from Coventry for intermediaries, visit: www.coventrybuildingsociety.co.uk/intermediaries
