Coventry reduces the majority of its fixed rates

Coventry for intermediaries has announced that it has reduced the majority of its fixed rates, with reductions on selected 2, 3 and 5-year products.

Highlights of the changes include a 4.92% 5 Year Fixed Rate to 30.04.2029, 65% LTV with a £999 product fee – available for residential purchase and a 5.40% 5 Year Fixed Rate to 30.04.2029, 75% LTV with a £1999 product fee – available for Buy to Let purchase and remortgage.

Jonathan Stinton, Head of Intermediary Relationships at Coventry Building Society, said: “It’s encouraging to see that rates are continuing on the downward trajectory, and sub 5% deals are back on the table. Fixed rates remain to be popular, so we’re supporting our broker partners with reductions on selected 2, 3 and 5 year fixed rate deals, giving them the options they need to help their clients.”