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Coventry for Intermediaries cuts rates

Jessica Nangle

February 18, 2020

buy-to-let

Coventry for Intermediaries has reduced rates across its owner occupied mortgage range, excluding 95% LTV, by up to 0.16%.

Highlights include their 2-year fixed rate being cut to 1.55% until the 31 March 2022 at 50% LTV.

ERCs are payable until the same date with no product fee.

There is also a 5-year fixed rate at 1.75% until 31 March 2025 at 85% LTV, with ERCs payable until the same date and a £999 product fee.

The lender has also reduced rates across its entire Flexx for Term range by 0.10%.

Kevin Purvey, director of mortgage distribution at Coventry Building Society, said: “Our owner occupied mortgages are now even more competitive.

“These products offer a range of LTVs, fee-free options and include a valuation of up to £670.

“They’re ideal for clients looking to purchase a new home, as well as those looking to remortgage to a better deal.

“Plus, we’ve reduced rates on our variable Flexx for Term products which offer competitive rates and no ERCs.”


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