"We’ve launched new products in line with market conditions and have ensured product transfer and further advance rates are preferential to help support our members – all of which are available via brokers"
Coventry for intermediaries has announced that it has relaunched its residential and buy-to-let mortgage products following the withdrawal of new business products last week.
According to the lender, the new launches include two, three and five-year fixed rate options alongside tracker products, with highlights including a two-year fixed rate at 75% LTV, available at 4.78% for residential product transfer and further advance only with a £999 fee.
A five-year fix at 65% LTV is also available at 4.76%, available for residential purchase and remortgage, with a £999 fee and a choice of £350 cashback or RMTS for remortgage applications.
Product transfer and further advance rates are lower than the rates in those in the new business range, offering existing customers a preferential rate.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “The market saw some turbulence last week, so we temporarily withdrew some of our new business products in order to protect service levels.
"We’ve launched new products in line with market conditions and have ensured product transfer and further advance rates are preferential to help support our members – all of which are available via brokers.”
