Coventry for Intermediaries will write to all mortgage borrowers set to benefit from these changes by 25 March.
Coventry for Intermediaries will reduce its standard variable rate (SVR) by 0.5% from 4.99% to 4.49% from 1 April.
Where a customer’s particular product is linked to SVR, the rate will also decrease by 0.5%.
The Privilege Rate will also be reduced from 4.74% to 4.24%.
Coventry for Intermediaries will write to all mortgage borrowers set to benefit from these changes by 25 March.
