Coventry for Intermediaries has unveiled a new range of seven-year fixed residential mortgages.

It has also cut rates on its two and five-year fixed residential products.

New deals include a 1.99% seven-year fix at 50% LTV and a 2.55% seven-year fix to 85% LTV.

For both deals ERCs are payable to 31/12/23 and a £999 arrangement fee applies.

Kevin Purvey, director of intermediaries at the Coventry, said: “With rates low and uncertainty high, many brokers’ clients will be looking to lock into longer term fixed rate mortgages. Our new seven-year fixed range – at market-leading rates with a range of LTVs – bridges the gap between the five and 10-year options currently on the market. There’s also good news for those looking to fix their mortgage payments for two or five years, with these products now even more competitive.”