Coventry launches new products; rejigs rates | Mortgage Strategy

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Coventry for Intermediaries has launched a set of new remortgage, product transfer and further advances mortgages while rejigging rates elsewhere in its range.

Its new product launches include, at 65 per cent LTV, a two-year fix at 1.15 per cent, a three-year fix at 1.35 per cent and a five-year fix at 1.39 per cent.

The latter two products charge a £999 product fee.

Also at 65 per cent LTV, the three-year fix with £999 fee set at 1.59 per cent has had its rate cut to 1.45 per cent.

At 75 per cent LTV, Coventry has cut rates by 0.10 per cent, meaning that the two-year fix now comes in at 1.55 per cent, the three-year fix at 1.69 per cent, and the five-year fix at 1.79 per cent. All of these command a £999 fee.

Meanwhile, the lender has upped fees in its owner-occupied purchase range by 0.10 per cent, meaning that at 75 per cent LTV, the two-year fix is now 1.75 per cent, the three-year fix 1.89 per cent, and the five year fix 1.99 per cent. As above, all charge a £999 fee.

Coventry Building Society intermediary operations manager Keith Williams says: “Remortgages and product transfers make up an important part of the market where demand remains healthy.

“By improving our range of products, we’re providing brokers and their clients with greater choice when they’re looking for new deals.”


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