Coventry for Intermediaries is launching a 2-year fixed rates for residential borrowers and reducing its tracker rates.
The move comes after The Coventry extended its product range last week to include three-year fixes.
The 2-year fixed rate is priced at 6.19% at 75% and is fee free. Trackers come down to 3.03% for a 2-year BBR Tracker (BBR +0.78%) at 65% LTV, this comes with a £999 product fee and no ERCs.
Jonathan Stinton, head of intermediary relationships at Coventry for intermediaries, said: “We’ve seen with the popularity of our recent 3-year fix that certainty remains very appealing to many borrowers and we’ve extended our range of fixed rates further with some 2-year deals.
“This provides a more complete suite of options for those weighing up short-term and long-term volatility.
“There’s increasing interest in variable rates too, and we’ve made our 2-year tracker more competitive. While fixed rates are still the most typical choice, we’re seeing more demand for different types of products as variable rates become a greater consideration for brokers and their clients.”
