Coventry reduces selected fixed rate deals Mortgage Finance Gazette

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Coventry for intermediaries has reduced selected fixed rate residential deals, with some rates reducing by up to 23bps.

Two, three and five-year fixed rate options at 65–95% loan to value are available.

Selected Buy to Let rates are also being reduced.

Product highlights include;

  • 4.92% five-year fixed rate to end of April 2029, 65% LTV with a £999 product fee – available for residential remortgage – option of £350 cashback or remortgage transfer service.
  • 5.14% five-year fixed rate to end of April 2029, 65% LTV with a £1999 product fee – available for buy to let remortgage – option of £350 cashback or remortgage transfer service.

Coventry Building Society head of intermediary relationships Jonathan Stinton comments: “There’s £60.1bn worth of mortgages set to mature before the end of the year – that means a lot of people will be on the lookout for a new deal over the coming months.

“We want to support our intermediary partners with competitive rates and standout service to make the process of sourcing and securing a new deal as straightforward as possible.”