"There are definite signs of recovery in the market, so new and existing borrowers can hopefully feel some renewed confidence for the year ahead."
- Jonathan Stinton, head of intermediary relationships at Coventry
Coventry for intermediaries has reduced all fixed rates across its mortgage range, with options available for new and existing customers.
Residential rates have reduced by up to 57bps and buy-to-let rates by up to 39bps.
Two, three and five-year fixed rate products are available for residential applications, with options from 65% - 95% LTV.
Highlights include a five-year fixed rate purchase product at 90% LTV, reduced to 4.84% with a £999 product fee.
A two-year residential remortgage product at 75% LTV has reduced to 4.61% with a £999 fee, with an option of £350 cashback or the use of Coventry's remortgage transfer service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “It’s been a positive start to the year with rate reductions across the board. It shows there are definite signs of recovery in the market, so new and existing borrowers can hopefully feel some renewed confidence for the year ahead.”
