Coventry for intermediaries has reduced the rates on several of its fixed rate deals for fresh applications by up to 0.27%.
The advantageous rate reductions span across varied durations including the 2-, 3-, and 5-year fixed rate options. Notably, these changes are especially beneficial for those eyeing the 65-80% loan-to-value (LTV) range.
Coventry for intermediaries is also trimming rates on selected buy-to-let options, specifically targeting the 65% LTV category.
Among the highlighted post-reduction products is the 5.45% 5-year fixed rate valid until 28th February 2029. Offered at 80% LTV, this product carries a fee of £999 and is accessible for residential purchases. Additionally, there’s the 5.34% 5-year fixed rate, applicable until 28th February 2029 at 65% LTV. Tailored for residential remortgages, this product comes with a £999 fee and offers the choice between a £350 cashback or a remortgage transfer service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “There’s £127bn worth of mortgages set to mature before the end of the year – that means a lot of people will be on the lookout for a new deal over the coming months.
“We want to support our intermediary partners with competitive rates and standout service to make the process of sourcing and securing a new deal as straightforward as possible.”
