Coventry for intermediaries has expanded its range of new business products for residential and buy-to-let mortgages.
It has introduced two, three and five-year fixed rate options, as well as tracker products.
Product transfer and further advance rates are lower than the rates in those in the new business range, offering existing customers a preferential rate.
Highlights include:
- 4.78% two-year fixed rate until 31/12/25, up to 75% LTV with a £999 fee. Available for residential product transfer and further advance only.
- 4.76% five-year fixed rate until 31/12/28, up to 65% LTV with a £999 product fee. Available for residential purchase and remortgage, with a choice of £350 cashback or RMTS for remortgage applications.
Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “The market saw some turbulence last week, so we temporarily withdrew some of our new business products in order to protect service levels.
“We’ve launched new products in line with market conditions and have ensured product transfer and further advance rates are preferential to help support our members – all of which are available via brokers.”