Coventry for intermediaries has cut selected residential mortgage rates by up to 0.16%, following a reduction in its affordability stress tests.
Available products now include a 4.00% 2-year fixed rate until 31st December 2027 at 50% loan-to-value (LTV), with a £999 fee.
This is available for interest-only remortgages, with an option of £350 cashback or the remortgage transfer service.
There is also a 3.90% 2-year fixed rate until 31st December 2027 at 65% LTV, also with a £999 fee, available for purchase.
Ben Williams, corporate account manager at Coventry Building Society, said: “We’re continuing our focus on supporting home ownership, and we’re pleased to announce rate reductions for those looking to take that first or next step.
“As well as reducing our rates, we’ve updated our affordability stress testing – meaning some clients may be able to borrow more.
“These positive changes will help brokers and more of their clients achieve their aspirations.”
