Coventry for intermediaries has significantly reduced all its fixed rates, offering enhanced options for both new and existing customers.
The rate cuts include up to 0.57% off residential rates and up to 0.39% off buy-to-let rates.
The lender’s revised portfolio now includes 2, 3, and 5-year fixed rate products for residential applications. These products are available across a broad loan-to-value range, from 65% to 95%.
Key offerings in the revised rates are a 4.61% 2-year fixed rate available until 30th June 2026, set at 75% LTV with a £999 product fee. This option is tailored for residential remortgage and comes with the choice of £350 cashback or access to the Remortgage Transfer Service.
Additionally, a 4.84% 5-year fixed rate is available until 30th June 2029, at 90% LTV with a £999 product fee, designed for residential purchases.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “It’s been a positive start to the year with rate reductions across the board. It shows there are definite signs of recovery in the market, so new and existing borrowers can hopefully feel some renewed confidence for the year ahead.”
