Coventry for intermediaries reduces fixed mortgage rates

Coventry for intermediaries has reduced the majority of its fixed rates, with residential rates reducing by up to 0.17%.

The society’s 90% to 95% loan-to-value (LTV) rates have been reduced with a view to help first-time buyers, with selected products offering £500 cashback.

Highlights from these new rate reductions include a 2-year fixed rate until 30.04.2026, 95% LTV with no product fee at 6.29%– available for first time buyers, with £500 cashback.

In addition, a 5-year fixed rate until 30.04.2029, 65% LTV, with a £999 product fee at 4.85%, will also be available for those looking to remortgages – with the option of £350 cashback or Remortgage Transfer Service.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We may be entering the final few weeks of the year, but brokers are still hard at work for their clients.

“There are new buyers out there who are looking to step onto the ladder, and existing homeowners who need to secure their next deal, and brokers are the ones they’ll turn to.

“Our latest reductions and our range of 2-, 3- and 5-year rates, helps give brokers what they need to take care of their clients.”