Coventry for intermediaries has expanded its range with a number of new products, including 3-year fixed rates and trackers.
Several other products benefit from newly reduced rates, including 5-year fixed rates at 85% to 95% loan-to-value (LTV).
Jonathan Stinton, head of intermediary relationships at Coventry, said: “Three-year fixes is an under-served part of the market.
“Mortgage brokers and borrowers have been telling us it’s what they want, so we’ve added this to our range to improve the choices available.”
Offerings from the new range include: a 5.89% 3 Year Fixed rate, a 5.99% 3-year fixed rate, and a 3.20% 2-year Flexx tracker (BBR + 0.95%).
Stinton added: “Fixed rates don’t always suit every borrower and many people may be considering dipping their toes into variable rates, possibly for the first time in a while.
“We’ve launched trackers with no ERCs, so they have options if the Bank Base Rate rises too quickly for their liking.
“There’s no on-size-fits-all approach and so we’re trying to create a broad range of choice that helps meet a variety of mortgage needs.
“As part of this, we’ve also reduced rates at 85% to 95% LTV which will increase the options available for first-time buyers.”
