Coventry for intermediaries will raise fixed-rate prices across a range of loans for residential and landlord borrowers on Friday (16 February).
Coventry Building Society’s broker-only arm says its changes cover:
Residential
New borrowers
- Increasing all fixes at 65% loan-to-value to 85% LTV (excluding offset loans)
- Increasing all two- and three-year purchase fixes at 90% LTV
- Increasing all five-year purchase fixes at 90% LTV to 95% LTV, with a fee
- Increasing all two- and three-year remortgage fixes at 90% LTV
- Increasing all two-year remortgage fixes at 90% LTV, without a fee
- Increasing all two-year remortgage offset, interest-only and offset interest-only rates, with a fee
Existing borrowers
- Increasing all fixes at 65% LTV to 85% LTV (excluding offset loans)
- Increasing all two-year fixes at 90% LTV to 95% LTV, without a fee
- Increasing all five-year fixes at 95% LTV, without a fee
Buy to let and portfolio BTL
New borrowers
- Increasing all two-year remortgage fixes
- Increasing all two-year purchase fixes, without a fee
- Increasing all five-year fixes
Existing borrowers
- No changes to the range
The lender says to secure a product, brokers will need to submit an application in full before 8pm Thursday 15 February, for new business cases and product transfers.
