Coventry for intermediaries has announced that it has made rate reductions across its mortgage range, with new deals available from today. Residential mortgage rates have been cut by up to 25bps, while buy-to-let rates have been reduced by up to 10bps.
Highlights of the new products include:
3.92% two-year fixed rate until 31 May 2028 at 65% LTV with a £999 fee, available for residential purchases
5.09% five-year fixed rate until 31 May 2031 at 75% LTV with no fee, available for limited company buy-to-let purchases
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said, “It’s encouraging to see rates continuing to ease across both residential and buy-to-let ranges. Lower pricing not only gives brokers more competitive options to present to clients but also helps rebuild confidence among borrowers who’ve been waiting for the right moment to act.”
