Coventry for intermediaries has cut its rates on selected residential mortgages with the majority of changes applying to 75% loan-to-value (LTV) and above.
Rates have been cut by up to 0.16% at 75% and 90% LTV, whilst their 80% and 85% LTV ranges have seen reductions by up to 0.20%. The changes have been made across its purchase, remortgage, product transfer and further advance ranges.
The range offers a 1.89% 2-year fixed to 30.06.23 with ERCs until 30.06.23. 75% LTV and no product fee which is available for remortgage only and a 2.99% 2-year fixed to 30.06.23 with ERCs until 30.06.23 90% LTV, £999 product fee. The second product is available for purchase, remortgage, product transfer and further advance.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve sharpened our rates to help us continue to support the market.
“Hopefully our udpated range continues to appeal to brokers and their clients, as there’s plenty of demand out there from clients looking to purchase and those looking to remortgage.”