Coventry launches new residential and buy-to-let ranges

Coventry for intermediaries has launched new residential and buy-to-let mortgage products after temporarily withdrawing some of its new business products last week.

The new launches include two, three and five-year fixed rate options alongside tracker products.

Highlights include a two-year fixed rate at 75% LTV, available at 4.78% for residential product transfer and further advance only with a £999 fee.

A five-year fix at 65% LTV has launched at 4.76%, available for residential purchase and remortgage, with a £999 fee and a choice of £350 cashback or RMTS for remortgage applications.

Product transfer and further advance rates are lower than the rates in those in the new business range, offering existing customers a preferential rate.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “The market saw some turbulence last week, so we temporarily withdrew some of our new business products in order to protect service levels.

"We’ve launched new products in line with market conditions and have ensured product transfer and further advance rates are preferential to help support our members – all of which are available via brokers.”