Coventry for intermediaries has cut selected fixed rates, with reduced options now available for both new and existing customers.
Residential rates have reduced by up to 0.24% and selected buy-to-let rates have reduced by to 0.15%.
Highlights from the reductions include a 2-year fixed rate at 5.12% to to 31.10.2027, 90% loan-to-value (LTV) with no fee – available for residential purchase, and a 5-year fixed rate at 4.65% to to 31.10.2030, 75% LTV with £1999 fee – available for buy-to-let remortgage with option to use the Remortgage Transfer Service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “With little in the Spring Statement to help homebuyers, we know many are looking for ways to make their mortgage more affordable.
“We’re pleased to be reducing rates from our residential and buy to let ranges, with some of the biggest cuts for higher loan-to-value borrowers – where every bit of support can make a real difference.”
