Coventry for Intermediaries has boosted its offering with a launch of two-year fixed-rate loans for residential borrowers. It will also cut selected tracker rates.  

The mutual’s broker-only arm says details of the new products include a 6.19% two-year fixed-rate offer to 30 April 2025, at 6.19% at 75% loan to value, with no product fee.  

And a two-year bank base rate tracker (BBR +0.78%) deal to 30 April 2025, at 3.03% at 65% LTV, with a £999 product fee and no early repayment charges.  

The move comes after new Chancellor Jeremy Hunt this week reversed the vast majority of tax cuts announced in September’s mini-budget, although the stamp duty cut for house purchases remains.       

Last month’s tax statement led to more than a thousand products being pulled as lenders worked out how to reprice loans as the cost of debt for the government and companies lifted on international money markets, following former Chancellor Kwasi Kwarteng’s tax-cutting fiscal event.      

Last week, the lender expanded its home loan range with several new products including three-year fixed-rate offers and trackers.     

Coventry for intermediaries head of intermediary relationships Jonathan Stinton says: “We’ve seen with the popularity of our recent three-year fix that certainty remains very appealing to many borrowers and we’ve extended our range of fixed rates further with some two-year deals. This provides a more complete suite of options for those weighing up short-term and long-term volatility.  

“There’s increasing interest in variable rates too, and we’ve made our two-year tracker more competitive. While fixed rates are still the most typical choice, we’re seeing more demand for different types of products as variable rates become a greater consideration for brokers and their clients.”