Coventry for Intermediaries cuts fixed rates and launches trackers

Published on

Coventry for Intermediaries has reduced a number of fixed rate residential products.

These include two, three and five-year options across 65-85% LTV brackets.

Base Rate Tracker products are also being launched for residential and buy-to-let.

Highlights include:

  • 5.14% five-year fixed rate to 30/04/28, 65% LTV and £999 product fee
  • 5.28% three-year fixed rate to 30/04/26 65% LTV and £999 product fee
  • 3.78% two-year BBR tracker (BBR +0.78%) to 30/04/25, 65% LTV, £999 product fee and no ERCs

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re pleased to be making reductions to many of our fixed rate products. There has been strong demand for our 2 year, 3 year and 5 year options, which remain appealing to borrowers who are looking for certainty with their payments.

“There’s also a growing interest in variable products, so we’re relaunching our tracker products. This gives brokers a wider range of options to discuss with their clients.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Only a quarter of brokers feel ‘very comfortable’ explaining valuations, poll finds

A live poll conducted during a recent Countrywide Surveying Services (CSS) webinar has revealed...

Gen H lowers New Build Boost rate to 5.95%

Gen H has announced a rate reduction on its New Build Boost mortgage product,...

OSB Group unveils new BTL lender and moves to retire Kent Reliance brand

OSB Group has announced the launch of Rely, a new specialist buy-to-let lending brand. Rely...

Norton Home Loans appoints head of lending

Norton Home Loans has promoted Laura Percival to head of lending, as the lender...

Stamp Duty costs “eye-watering”, says the Coventry

Stamp Duty receipts have surged by 25% so far this year, with homebuyers paying...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

Only a quarter of brokers feel ‘very comfortable’ explaining valuations, poll finds

A live poll conducted during a recent Countrywide Surveying Services (CSS) webinar has revealed...

Gen H lowers New Build Boost rate to 5.95%

Gen H has announced a rate reduction on its New Build Boost mortgage product,...

OSB Group unveils new BTL lender and moves to retire Kent Reliance brand

OSB Group has announced the launch of Rely, a new specialist buy-to-let lending brand. Rely...