Coventry for intermediaries has reduced rates across its range of 10-year fixed residential mortgages.

Rates now start from 2.39%.

New deals include the following:

Residential:

• 2.39% (was 2.49%) 10-year fixed until 30/09/28, 50% LTV, ERCs payable until 30/09/23 and a £999 product fee
• 2.49% (was 2.59%) 10-year fixed until 30/09/28, 65% LTV, ERCs payable until 30/09/23 and a £999 product fee

Residential ERCs:

• 10-year fixed with 5-year ERCs: 5% until 30.09.20 then 3% until 30/09/23
• 10-year fixed: 5% until 30.09.20, 3% until 30/09/23 then 1% until 30/09/28

Kevin Purvey, director of intermediaries, said: “In the current climate of uncertainty, 10-year fixed products are popular with borrowers looking for a fixed mortgage payment over the longer term.

“With reduced rates, no ERCs after five years for the products at 50% and 65% LTV, and a standard valuation included up to £670, our 10-year fixed residential range is now even more attractive for brokers’ clients looking for long-term stability.”