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Coventry for Intermediaries cuts fixed rates and launches trackers

by BestAdvice
13 November 2022
De-mystifying offset mortgages
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Coventry for Intermediaries has reduced a number of fixed rate residential products.

These include two, three and five-year options across 65-85% LTV brackets.

Base Rate Tracker products are also being launched for residential and buy-to-let.

Highlights include:

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  • 5.14% five-year fixed rate to 30/04/28, 65% LTV and £999 product fee
  • 5.28% three-year fixed rate to 30/04/26 65% LTV and £999 product fee
  • 3.78% two-year BBR tracker (BBR +0.78%) to 30/04/25, 65% LTV, £999 product fee and no ERCs

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re pleased to be making reductions to many of our fixed rate products. There has been strong demand for our 2 year, 3 year and 5 year options, which remain appealing to borrowers who are looking for certainty with their payments.

“There’s also a growing interest in variable products, so we’re relaunching our tracker products. This gives brokers a wider range of options to discuss with their clients.”

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
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© 2022 Bedazzled Media Limited.
Company Number 11335497. Registered Office: Unit 1, E.M.P. Building, 4 Solent Road, Havant, Hampshire PO9 1JH

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