Coventry for intermediaries has cut selected fixed rates, with lower options available for new and existing customers.
Residential, buy-to-let, and the newly launched limited company buy-to-let rates are all benefitting from the reductions.
Highlights include a 2-year fixed rate at 3.96% up to 65% loan-to-value (LTV) with £999 fee – available for residential purchase – and a 5-year fixed rate at 4.29% up to 65% LTV with £1999 fee – available for buy to let remortgage with option to have £350 cashback or use the Remortgage Transfer Service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re starting to see more rates dip below 4%, which is a positive sign for homebuyers and a welcome shift for brokers supporting them.
In line with favourable swap moves, we’ve reduced rates across our residential, buy-to-let and limited company buy-to-let ranges to help brokers offer competitive options in a gradually improving market.”
