Coventry for intermediaries reduces residential fixed rates

Coventry for intermediaries has cut selected residential fixed rates by up to 0.28%, with reductions available for new and existing customers.

Highlights from the changes included a 5.05% 2-year fixed rate up to 65% loan-to-value (LTV) with a £999 product fee – available for residential remortgage, with an option of £350 cashback, and a 5.38% 2-year fixed rate up to 80% LTV with no product fee and £500 cashback – available for first-time buyers.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “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.

“Our latest set of rate reductions gives brokers a broad range of options to help their clients find a product which is right for them.”