Coventry for Intermediaries has reduced the rates on selected mortgages by up to 70 basis points on its owner-occupier purchase and remortgage ranges.
The changes apply across all loan to value (LTV) bands.
The lender has also reduced rates on its interest-only and product transfer ranges.
New owner-occupier deals include the following:
- 2.15% (was 2.85%) two-year fixed to 30/09/23 with ERCs until 30/09/23. 85% LTV, £999 product fee. (Available for purchase only.)
- 2.65% (was 3.25%) five-year fixed to 30/09/26 with ERCs until 30/09/26. 85% LTV, £999 product fee. (Available for purchase, remortgage, product transfer and further advance.)
Jonathan Stinton (pictured), head of intermediary relationships at the Coventry Building Society, said: “As we’re expecting a great deal of existing mortgage deals to be coming to an end in the next few months, as well as plenty of home buyers looking to make their move before the end of the Stamp Duty holiday, now is the time that brokers can really be adding value for their clients.
“We’re delighted to introduce these rate reductions and make our products even more competitive. This is great news for both brokers and their clients, particularly for those with smaller deposits as the larger reductions have been made to the higher LTV products.”
