New two-, three-, and five-year fixed rate options and tracker products launched
Coventry for intermediaries has expanded its range of new business products for residential and buy-to-let mortgages, with new two-, three-, and five-year fixed rate options and tracker products.
The intermediary-only lender said product transfer and further advance rates were made lower than the rates in the new business range, offering existing customers a preferential rate.
Find out Coventry Building Society's mortgage rates for existing customers currently offers NUMBER products spread across 2, 3, 5, and 10-year term options.
The new products include a two-year fixed rate at 75% loan-to-value (LTV) with a £999 fee at 4.78% for residential product transfer and further advance, and a five-year fixed rate at 65% LTV with a £999 product fee at 4.76% for residential purchase and remortgage with a choice of £350 cashback or remortgage transfer service (RMTS) for remortgage applications.
“The market saw some turbulence last week, so we temporarily withdrew some of our new business products in order to protect service levels,” Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said.
“We’ve launched new products in line with market conditions and have ensured product transfer and further advance rates are preferential to help support our members – all of which are available via brokers.”
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