Coventry for Intermediaries has revised its residential mortgage rates for new borrowers, with increases across several 2-year and 5-year fixed rate products.
The adjustments affect 2-year fixed purchase and remortgage rates up to 75% LTV, excluding offset options, and extend to all 2-year fixed rates at 80%, 85%, 90%, and 95% LTV, with the exception of purchase products that come with a fee.
Furthermore, the lender is raising all 5-year fixed rates at 75%-85% LTV, excluding offset options, alongside all 5-year fixed remortgage rates at 90%, and all 5-year fixed rates at 95% LTV, again with exclusions for purchase products with fees.
For existing borrowers, Coventry for Intermediaries has decided not to make any changes to the current range.
In the buy-to-let and portfolio buy-to-let sectors, both new and existing borrowers will see no alterations to their rates.
The new rates will come into effect on Wednesday morning at 8am.
