Coventry Intermediaries has made rate cuts in both its residential and buy-to-let ranges.
Lower rates on two and five-year fixed rates and residential Flexx for Term options are now available.
New deals include:
Residential
Two-year fixed rates:
- 2.85% (reduced from 2.99%) Fixed Rate until 31.03.17, 85% LTV, no arrangement fee, Early Repayment Charges (ERCs) payable to 31.03.17.
Five-year fixed rates:
- 3.99% (reduced from 4.15%) Fixed Rate until 31.03.20, 90% LTV, £950 arrangement fee, ERCs payable to 31.03.20.
Flexx For Term:
- 2.35% (reduced from 2.59%), variable rate, 85% LTV, £800 arrangement fee and no ERCs.
Buy-to-let
Five-year Flexx Fixed:
- 4.55% (reduced from 4.80%) Flexx Fixed Rate until 30.04.20, 75% LTV, £1999 arrangement fee and no ERCs.
Darin Landon, distribution director, said: “Hot on the heels of December’s rate cuts on selected two and five year fixed rates, we have more good news for brokers and their clients. We have cut rates even further with two-year fixed rate and Flexx for Term options at 85% LTV now starting from just 2.35%.
“And as booking fees are no longer payable on any of our products, we have fee free options with no arrangement fees payable either. So why not start the new year with a new low rate and low fees with the Coventry.”
