It also extends end dates on all available products in its range
Coventry for intermediaries has announced reduced rates on selected two- and three-year fixed residential mortgages by up to 30 basis points.
The intermediary-only lender of Coventry Building Society has also extended end dates on all available products in its range.
Its residential two-year fixed rate at 65% loan-to-value (LTV) with a £999 product fee is now available for residential purchase, first-time buyer, and remortgage option of £350 cashback or RMTS for remortgage at 4.21%. The same product with a longer three-year fixed term has a rate of 4.18%.
The list of residential products from Coventry for intermediaries, reflecting the latest changes, can be viewed online through its website.
“After an excellent start to the year, the mortgage market continues to be busier than many expected – even if it isn’t quite at last year’s levels,” Ben Williams (pictured), corporate relationship manager at Coventry Building Society, commented. “Demand for trackers still exists but the real interest is in two- and three-year fixed rates.
Get to know about Coventry Building Society Mortgage Rates offers here.
“Brokers and their clients need competitive options to choose from, and we’re continuing to support the market with further reductions of two- and three-year fixed. Three-years has continued to be popular as this has given borrowers additional security and more choice of fixing for slightly longer without long tie-ins.”
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