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

Foreign exchange moves into focus as advisers urged to act earlier in mortgage process

Rising use of overseas funds in UK property purchases is increasing the need for...

Open Property roadmap aims to cut delays and fall-throughs in homebuying

The Centre for Finance, Innovation and Technology (CFIT) has unveiled a new Open Property...

FCA and Bank of England tokenisation push could reshape mortgage funding

The FCA and Bank of England have set out a joint long-term vision for...

Monmouthshire soft launches new origination platform

Monmouthshire Building Society has begun the soft launch of its loans origination platform with...

Model Office launches AI-powered client file review system

Compliance technology firm Model Office has launched an AI-powered client file review platform designed...

Latest publication

Other news

Foreign exchange moves into focus as advisers urged to act earlier in mortgage process

Rising use of overseas funds in UK property purchases is increasing the need for...

Open Property roadmap aims to cut delays and fall-throughs in homebuying

The Centre for Finance, Innovation and Technology (CFIT) has unveiled a new Open Property...

FCA and Bank of England tokenisation push could reshape mortgage funding

The FCA and Bank of England have set out a joint long-term vision for...