Coventry cuts residential and buy-to-let rates by up to 0.21%

First-time buyer and remortgage products are among the reduced rates.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
28th June 2024
Coventry
"We’ve reduced the majority of our fixed rates, further improving the choices we offer. It gives brokers a great opportunity to engage with their clients and advise them of the best options available."
- Jonathan Stinton, head of intermediary relationships at Coventry

Coventry for intermediaries has reduced selected mortgage rates, with options available for new and existing customers.

Residential rates have reduced by up to 21bps and buy-to-let rates have reduced by to 15bps.

Two, three and five-year fixed rate products are available for residential applications, with options from 65% - 95% LTV.

Highlights include a two-year fixed rate product for first-time buyers, available at 5.34% up to 85% LTV with £500 cashback.

In addition, a five-year residential remortgage product at 65% LTV has reduced to 4.59% with the option of £350 cashback or use of the Society's remortgage transfer service.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve reduced the majority of our fixed rates, further improving the choices we offer. It gives brokers a great opportunity to engage with their clients and advise them of the best options available.”

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