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Coventry Intermediaries cuts mortgage rates

Nia Williams

January 20, 2011

Highlights include:

Residential

· +1.75% BBR tracker capped at 3.49% until 31.03.13, 65% loan to value (up from 50%)

· +1.99% BBR tracker capped at 3.99% until 31.03.13, 75% loan to value (up from 65%)

· Was 3.40% now 3.30% fixed until 31.03.13, 75% loan to value

· Was 4.45% now 4.25% fixed until 31.03.13, 85% loan to value

Buy-to-let

· +2.99% BBR tracker capped at 5.49% until 31.03.13, 65% loan to value (up from 50%)

· +3.49% BBR tracker capped at 5.99% until 31.03.14, 70% loan to value (up from 65%)

Colin Franklin, sales and marketing director, Coventry Intermediaries, said: “With an increase in interest rates potentially on the horizon, fixed rate and capped tracker mortgages are likely to be in high demand.

“We have reduced our rates and increased the LTVs to make our market leading range accessible to more people. With a great range of products offering fantastic value and protection from interest rate rises, we are confident that even more brokers will be able to find the right mortgage for their client at Coventry Intermediaries.”


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