Rates were reduced by up to 0.20% and 0.65%
Both Coventry for Intermediaries and TSB Bank have made rate reductions on their respective residential fixed rate products.
Coventry for Intermediaries has reduced the rates on its two-, three-, and five-year fixes across all LTVs, with some products’ rates lowered by up to 20 basis points. These products are available for both new and existing customers.
Read more: Coventry Building Society Mortgage Rates for Existing Customers
The intermediary-only lender said that offset and interest-only rates have also been cut.
The latest rates and full details of Coventry’s residential mortgage range can be viewed on its website.
Meanwhile, TSB Bank has made the following changes to its residential product range:
- Two-year fixed house purchase at 0 to 85% LTV with £995 fee - rates reduced by up to 0.20%
- Two-year fixed house purchase at 85 to 95% LTV with £0 fee - rates reduced by up to 0.65%
- Five-year fixed house purchase at 75 to 85% LTV with £995 fee - rates reduced by up to 0.15%
- Two-year fixed remortgage at 0 to 75% LTV with £995 fee - rates reduced by 0.15%
TSB’s two- and five-year fixed residential at 0 to 75% LTV with £995 fee under its product transfer range also had their rates slashed by 0.15%.
More details about TSB’s residential products are also available online.
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