Coventry releases weekend-only 90% fix - Mortgage Strategy

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Coventry for Intermediaries has launched a 90 per cent LTV five-year fix for an extremely limited amount of time.

Brokers will be able to apply between 8am today until 8pm on Monday 15 June only.

The owner-occupied product comes in two forms – at 2.60 per cent with £999 product fee and at 2.90 per cent with zero product fee.

The lender cautions that only full applications received before the detailed dates will be accepted, and that a physical valuation is required.

In a note to brokers, it says: “True to our pledges, we aim to give you transparency and certainty, so we wanted to let you know the closure dates of these products in advance.

“Maintaining the level of service you expect from us is critical and this short-term launch will help us to do this.”

Coventry Building Society director of mortgage distribution Kevin Purvey comments: “There is clear demand from customers and brokers for high LTV products and we are looking to support the market.”


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