Coventry for Intermediaries has launched new residential and buy-to-let mortgage products, including 2, 3 and 5-year fixed rate options, and tracker products after temporarily withdrawing some products.
In addition, the lender has introduced lower rates for product transfer and further advance options to reward its existing customers.
Among the key product features are a 4.78% 2-year fixed rate until 31st December 2025 at 75% loan-to-value (LTV) with a £999 fee, which is available for residential product transfers and further advances only.
Additionally, a 5-year fixed rate product at 4.76% until 31st December 2028, with a 65% LTV and a £999 product fee, is being offered for residential purchases and remortgages. Customers can choose between a £350 cashback offer or free remortgage transfer service (RMTS) for remortgage applications.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “The market saw some turbulence last week, so we temporarily withdrew some of our new business products in order to protect service levels.
“We’ve launched new products in line with market conditions and have ensured product transfer and further advance rates are preferential to help support our members – all of which are available via brokers.”
