Fixed rates have also been reduced for existing BTL customers
Coventry for Intermediaries has launched 50% loan-to-value (LTV) residential products for new and existing customers, and reduced rates by up to 23 basis points (bps).
The lender said fixed rate options are available for two, three, and five years, alongside two-year tracker options.
Fixed rate products for existing buy-to-let customers have also been reduced by up to 70bps.
Read more: Coventry Building Society Mortgage Rates for Existing Customers
Highlights of the intermediary-only lender’s latest product updates include:
- Two-year fixed rate at 85% LTV with a £999 product fee at 4.62% - available for residential purchase and remortgage
- Five-year fixed rate at 50% LTV with a £999 product fee at 3.96% - available for residential purchase and remortgage with an option of £350 cashback or RMTS for remortgage
- Five-year fixed rate at 50% LTV with a £1,999 product fee at 4.70% - available for buy-to-let product transfer and further advance
Coventry’s complete list of mortgage products and their details are available online through its website.
“We continue to support the market with reduced rates and new products,” Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, remarked. “This gives brokers a range of attractive options to discuss with their clients, making it a great time for brokers to re-engage with borrowers and help them find the best possible product.”
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