"Fixed rates remain to be popular, so we’ve reduced all of our standard two, three and five-year deals to give brokers the options they need to help their clients."
- Jonathan Stinton, head of intermediary relationships at Coventry
Coventry for intermediaries has reduced the majority of its fixed rate mortgages, with residential rates reducing by up to 37bps.
Rates at 90-95% have been reduced with a view to help first-time buyers, with selected products offering £500 cashback.
At 90% LTV, a five-year fixed rate has reduced to 4.64% with no product fee and £500 cashback.
Elsewhere in the range, a two-year fixed rate remortgage product at 75% LTV has reduced to 4.42% with a £999 product fee and the option of £350 cashback of use of the Society's Remortgage Transfer Service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Providing value to customers is a top priority for us, so we’re keeping a close eye on the market to pass on rate reductions wherever we can. Fixed rates remain to be popular, so we’ve reduced all of our standard two, three and five-year deals to give brokers the options they need to help their clients.”
