Coventry for Intermediaries has reduced selected two and three-year fixed residential rates by up to 30bps and extended end dates on all available products in its range.
New deals include the following:
- Residential 4.21% two-year fixed rate to 31/10/25, 65% LTV and £999 product fee – available for residential purchase, first-time buyers and remortgage option of £350 cashback or RMTS for remortgage
- Residential 4.18% three-year fixed rate to 31/10/26, 75% LTV and £999 product fee – available for residential purchase, first-time buyers and remortgage – option of £350 cashback or RMTS for remortgage
Ben Williams, corporate relationship manager at Coventry Building Society, said: “After an excellent start to the year, the mortgage market continues to be busier than many expected – even if it isn’t quite at last year’s levels.
“Demand for trackers still exists but the real interest is in two and three-year fixed rates. Brokers and their clients need competitive options to choose from and we’re continuing to support the market with further reductions of two and three-year fixed.
“Three years has continued to be popular as this has given borrowers additional security and more choice of fixing for slightly longer without long tie-ins.”