Coventry reduces the majority of its fixed rates
Residential rates have been reduced by up to 45bps and buy-to-let rates by up to 20bps.
"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"
- Jonathan Stinton
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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
FCA
MPs call for investigation into FCA's treatment of whistleblowers
Mortgage Rates
Average five-year fixed rate mortgage hits 6%
