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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...

Tipton expands Credit Plus range with second tier

Tipton & Coseley Building Society has added a second tier to its Credit Plus...

Property industry moves to speed up mortgage transactions

Lenders, conveyancers and estate agents are testing new ways of sharing property information earlier...

Latest publication

Other news

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...