Coventry for intermediaries cuts residential and buy-to-let rates

The lender has reduced purchase and remortgage rates for both new and existing borrowers.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
12th July 2024
Coventry
"Markets have continued to be favourable and we aim to make it as easy as possible for our intermediary partners to source and secure a new deal for their clients."
- Jonathan Stinton, head of intermediary relationships at Coventry

Coventry for intermediaries has cut selected fixed mortgage rates for both new and existing customers.

Residential rates have reduced by up to 18bps and selected 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.

In the Society's residential range, a five-year fixed rate remortgage product at 75% LTV has reduced to 4.61% with no fee and the option of £350 cashback or use of Coventry's remortgage transfer service.

A two-year fixed rate buy-to-let purchase product has also reduced to 5.35% at 65% LTV with no fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Markets have continued to be favourable and we aim to make it as easy as possible for our intermediary partners to source and secure a new deal for their clients.

"That’s why our latest rate reductions give brokers a wider range of attractive options to make sure they can get their clients the best deal possible.”

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