Following its decision to extend its product range last week to include three-year fixes, Coventry for Intermediaries is now further increasing its offering with a launch of two-year fixed rates for residential borrowers.

Tracker rates are also bing reduced.

Details include:

• 6.19% 2 Year Fixed rate to 30.04.25, 75% LTV and no product fee
• 3.03% 2 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 for Intermediaries, said: “We’ve seen with the popularity of our recent three-year fix that certainty remains very appealing to many borrowers and we’ve extended our range of fixed rates further with some two-year deals. This provides a more complete suite of options for those weighing up short term and long term volatility.

“There’s increasing interest in variable rates too, and we’ve made our two-year tracker more competitive. While fixed rates are still the most typical choice, we’re seeing more demand for different types of products as variable rates become a greater consideration for brokers and their clients.”