Coventry for Intermediaries has lowered the rates on selected residential mortgages by 10 basis points, with the changes applying to 85-95% LTV products.
In addition, the lender has launched a new 95% LTV two-year fixed mortgage at 3.65% with no product fee.
The residential range now includes:
- 2.05% (was 2.15%) two-year fixed to 30/09/23 with ERCs until 30/09/23. 85% LTV, £999 product fee. (Available for purchase.)
- 3.15% (was 3.25%) five-year fixed to 30/09/26 with ERCs until 30/09/26. 90% LTV, £999 product fee. (Available for purchase, remortgage, further advance and product transfer.)
- 3.65% two-year fixed to 30/09/23 with ERCs until 30/09/23. 95% LTV. No product fee. (Available for purchase and product transfer.)
Jonathan Stinton (pictured), head of intermediary relationships at the Coventry Building Society, said: “Our high LTV Residential mortgages are now even more competitive, which is great news for brokers and their clients with smaller deposits.
“Whether brokers are looking to help their clients take that all-important first step onto the property ladder or support those looking to remortgage to a lower rate, there’s a competitive option for a wide range of clients in our owner-occupier range.
“And we now have a two-year fixed no fee option at 95% LTV, which is great news for brokers with clients looking to keep their upfront costs low.”