Coventry for intermediaries has reduced selected residential rates by up to 0.36% – with fixed rate options available for 2-, 3- and 5-years.
Its 95% product range has also been expanded to include 2- and 3-year fixed rate options, which will sit along the 5-year fixed rate options already available in this loan-to-value (LTV) bracket.
A number of these products are specifically aimed at supporting first time buyers and come with £500 cashback.
Selected buy-to-let products have also been reduced by up to 0.10%.
Highlights from these new rates include a 5-year fixed rate up to 65% LTV with a £999 product fee at 4.86% – available for residential remortgage, option of £350 cashback or our Remortgage Transfer Service, as well as a 2-year fixed rate up to 65% LTV with no product fee at 5.58% – available for residential remortgage, option of £350 cashback or our Remortgage Transfer Service.
Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “It’s encouraging to see that rates are continuing on a downward trajectory, allowing us to pass on value to borrowers wherever we can.
“We’ve also enhanced our higher loan to value product range with a particular focus on supporting first time buyers.
“The security of fixed rates makes them a popular option for many new borrowers, and having rates available for 2-, 3- and 5-years means people looking to get on the ladder will have more choices available to them.”
