Coventrys new fixed-rate options reflect market conditions Mortgage Strategy

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Coventry for intermediaries is expanding its range of new business products for residential and buy-to-let mortgages. Two, three and five-year fixed-rate options, and tracker products, are all available.

Product transfer and further advance rates are lower than the rates in those in the new business range, offering existing customers a preferential rate.

Product highlights include: a 4.78% two- year fixed rate until end of December 2025 with a 75% LTV and £999 fee. This is available for residential product transfer and further advance only.

A 4.76% five-year fixed rate until end of December 2028 – for a 65% LTV with a £999 product fee. This deal is available for residential purchase and remortgage, with a choice of £350 cashback or RMTS for remortgage applications.

Coventry Building Society head of intermediary relationships Jonathan Stinton comments: “The market saw some turbulence last week, so we temporarily withdrew some of our new business products in order to protect service levels”.

He adds: “We’ve launched new products in line with market conditions and have ensured product transfer and further advance rates are preferential to help support our members – all of which are available via brokers.”


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