Coventry for intermediaries has unveiled a series of changes to its mortgage offerings, reducing all residential fixed rates by up to 0.63% and selected buy-to-let rates by up to 0.55%.
These reductions are accompanied by an expansion of the lender’s product range, with new additions tailored to meet the diverse needs of borrowers.
Among the key additions to Coventry’s range are 3-year fixed rate options for residential applications, 65% loan-to-value (LTV) options for residential applications, and 75% LTV options for buy-to-let applications.
Product highlights include a 6.05% 2 Year Fixed Rate with 65% LTV and a £999 product fee, available for both residential purchase and remortgage.
There’s also a 6.15% 2-year fixed rate with 65% LTV and a £1,999 product fee for buy-to-let purchase and remortgage. Coventry is offering the option of £350 cashback or remortgage transfer service for remortgage with these products.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re keeping a close eye on the market with an aim to support our intermediary partners and their clients with rate reductions wherever possible.
“Certainty remains appealing to many borrowers, especially in these current economic times, so we’ve reintroduced our popular three year range to give people options alongside our competitive 2- and 5-year deals.”
