Coventry for intermediaries has reduced rates on selected owner-occupier mortgages by up to 0.66%.
The lender has also cut rates on its offset and interest-only products, by up to 0.14% and 0.16% respectively.
Highlights of the range include a 2.85% (was 3.25%) 2-year fixed first-time buyer to 31.08.24 with ERCs until 31.08.24, 95% LTV, no product fee and £500 cashback.
The range also includes a 1.95% (was 2.09%) 5-year fixed owner-occupier to 31.08.27 with ERCs until 31.08.27, 65% LTV and £999 product fee. (Available for purchase, remortgage, product transfer and further advance.)
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re delighted to make significant rate reductions to our owner-occupier mortgages, as well as our offset and interest-only ranges.
“It’s great news for brokers, who can now find even better options for a range of clients, at a time when home buyers and home movers are facing rising costs elsewhere”.
