Lender also extends end dates on all products
Coventry for Intermediaries has announced significant reductions on selected residential fixed rates and all buy-to-let fixed rates.
The reductions in residential rates amount to up to 15 basis points (bps), while buy-to-let rates have been slashed by up to 40 bps.
Included in the reprice is a 4.26% five-year fix at 65% loan-to-value (LTV) with a £1,999 product fee. This option is available for buy-to-let remortgage, with customers having the choice of receiving £350 cashback or utilising Coventry’s remortgage transfer service.
Another product that had its rate cut is a 5.14% two-year fix available to first-time buyers at 90% LTV, with no product fee and a £500 cashback.
In addition, the lender has extended the end dates on all available products within its range.
“Brokers are essential for future homeowners who are keen to step onto the property ladder, existing homeowners looking to secure their next deal, and landlords alike,” Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said. “Our latest reductions are designed to support brokers by providing more great value options for their clients.”
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