Coventry for Intermediaries has cut the rates on a number of its fixed rate residential products, including its 2-, 3- and 5-year options across 65-85% loan-to-value (LTV) brackets.
Base Rate Tracker products are also being launched for residential and buy-to-let.
Highlights of the changes include a 5.14% 5-year fixed rate to 30.04.28, 65% LTV and £999 product fee and a 5.28% 3-year fixed rate to 30.04.26 65% LTV and £999 product fee.
There is also a 3.78% 2-year BBR Tracker (BBR +0.78%) to 30.04.2025, 65% LTV, £999 product fee and no ERCs.
Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “We’re pleased to be making reductions to many of our fixed rate products. There has been strong demand for our 2-year, 3-year and 5-year options, which remain appealing to borrowers who are looking for certainty with their payments.
“There’s also a growing interest in variable products, so we’re relaunching our tracker products. This gives brokers a wider range of options to discuss with their clients.”
