Coventry for Intermediaries cuts residential fixed rates

Coventry for Intermediaries has reduced rates on standard residential products within its two, three and five-year ranges up to 80% LTV.

The updated products are available to all residential clients, with a number of products specifically targeted at remortgages, product transfers and further advances.

New deals include a 1.29% two-year fix at 65% LTV, with a £999 product fee and another two-year fix at 1.65% for 75% LTV; again with a £999 product fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve just had a busy couple of days with our very popular 90% LTV products but there’s no need for us to take our foot off the pedal. Our service levels are still in a comfortable position and we can continue to enhance our residential product range.

“The purchase market is really buoyant at the moment but we want to support other clients too – particularly those looking for remortgage or product transfer options. These new rates across a number of products should improve the options available to brokers looking to move their clients on to more suitable mortgage deals.”

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