Coventry cuts 5-year fixes

Ryan Bembridge

October 16, 2017

Coventry for intermediaries has reduced 90% loan-to-value 5-year fixes.

Rates now stand at 2.69% to 90% LTV with a £999 product fee and 3.05% with no fee.

Aldermore is also offering a 5-year flexx fixed (no early repayment charges) with a £499 fee.

Coventry for intermediaries launches Flexx for Term buy-to-lets

Kevin Purvey, director of intermediaries, said: “We’re excited to reduce rates across our 90% loan-to-value 5-year fixed range.

“With rates starting from 2.69%, borrowers can take advantage of the certainty of a fixed mortgage payment for the long term.

“In addition, all of our products are application fee free and include a valuation of up to £670 for residential mortgages.

“We also offer £500 cashback on fixed residential completions for first time buyers and home movers and our remortgage transfer service for remortgages.”

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