Coventry for intermediaries has cut residential and buy to let rates by up to 10bps, with lower options available for new and existing customers.
Offers include a 3.95% two-year fixed rate to end of December 2027, 65% LTV, with £999 fee – available for residential product transfers.
Also 4.06% two-year fixed rate to end of December 2027, 65% LTV, £999 fee – available for residential remortgage with option to have £350 cashback or use the remortgage transfer service. The Mortgage Lender reduces rates across its residential range
The Mortgage Lender (TML) has also announced a series of rate reductions across its residential range. The rate reductions apply to the majority of the lenders’ two and five- year products, including its core Real Life (RL) range, Large Loan, and Shared Ownership products.
Rates in the core range now start at 5.39% for its two- year 75% LTV RL0 product, a reduction of 15bps and 5.89% for its two- year 85% LTV RL1 product, a reduction of 25bps. In addition, TML’s five-year 70% LTV RL2 product has had its rate reduced by 20bps to 5.59%
Other changes include rates for two-year large loan products have decreased across the range by 15bps starting from 5.54% for LTVs of 75%.
Rates for the five-year Large loan product range have decreased by 10bps starting from 5.29% for LTVs of 75%.
Rates across TML’s Shared Ownership products have also decreased by 15bps starting from 6.29% for its 5 year 75% LTV (95% loan to share) core product.
