Coventry raises high LTV rates by up to 29 basis points | Mortgage Strategy

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Coventry is increasing rates on its high loan-to-value products by up to 29 basis points this Friday.

The increases come amid a host of lesser rate rises on lower LTV deals.

Current products will be available until available until 8pm on Thursday.

Among the most significant changes are:

  • At 85 per cent LTV its two-year fixed at 2.4 per cent is increasing to 2.65 per cent with a £999 fee, while the fee-free alternative is rising from 2.65 to 2.89 per cent
  • Also at 85 per cent LTV its five-year fixed at 2.5 per cent is increasing to 2.75 per cent with a £999 fee, while the fee-free option is going up from 2.7 to 2.99 per cent
  • At 90 per cent LTV its two-year fixed at 2.85 per cent is increasing to 3.09 per cent with no fee
  • Also at 90 per cent LTV its five-year fixed at 3 per cent is increasing to 3.29 per cent with no fee.

Coventry is making a number of much smaller rate increases throughout the lower LTV tiers as well as upping costs on some of its offset products.


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