Coventry for Intermediaries cuts owner-occupier rates by up to 70bps

Published on

Coventry for Intermediaries has reduced the rates on selected mortgages by up to 70 basis points on its owner-occupier purchase and remortgage ranges.

The changes apply across all loan to value (LTV) bands.

The lender has also reduced rates on its interest-only and product transfer ranges.

New owner-occupier deals include the following:

  • 2.15% (was 2.85%) two-year fixed to 30/09/23 with ERCs until 30/09/23. 85% LTV, £999 product fee. (Available for purchase only.)
  • 2.65% (was 3.25%) five-year fixed to 30/09/26 with ERCs until 30/09/26. 85% LTV, £999 product fee. (Available for purchase, remortgage, product transfer and further advance.)

Jonathan Stinton (pictured), head of intermediary relationships at the Coventry Building Society, said: “As we’re expecting a great deal of existing mortgage deals to be coming to an end in the next few months, as well as plenty of home buyers looking to make their move before the end of the Stamp Duty holiday, now is the time that brokers can really be adding value for their clients.

“We’re delighted to introduce these rate reductions and make our products even more competitive. This is great news for both brokers and their clients, particularly for those with smaller deposits as the larger reductions have been made to the higher LTV products.”

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

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...

Reward Funding passes lending milestone

Reward Funding has passed the £350m loan book milestone for the first time in...

London’s luxury lettings market surges 154% as wealthy tenants opt to rent

London’s prime lettings market has more than doubled in size during the first half...

3.3 million households locked out of home ownership

More than three million households have been priced out of home ownership since the...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while...

Other news

Getting to know you: Mike Lawlor, Integrity Wealth Management

Name: Mike Lawlor Age: 48 Location: High Barnet Qualification Year: 2004 Firm: Integrity Wealth Management Specialty: Large loans Education: Politics...

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...