Coventry for intermediaries extends offset range

Ryan Fowler

November 9, 2018

Coventry for intermediaries has extended its offset range with the launch of a number of products including a fee-free 2-year fix at 1.99%.

The expanded range includes two, five and 10-year fixes up to 85% loan-to-value (LTV).

Highlights include the 1.99% 2-year fix which is available up to 50% LTV, a 2.29% offset 5-year fix up to 85% LTV and a 2.59% offset 10-year fix available up to 75% LTV,.

Kevin Purvey, director of intermediaries, said: “Our expanded offset range includes fixed and ‘Flexx for Term’ options up to 85% LTV. There are even fee-free products which are ideal for clients looking to keep their initial costs low.

“Our offset mortgages are a fantastic option – they’re simple to manage, they make savings work harder and borrowers could use their savings to reduce their monthly mortgage payments or reduce their term. An offset isn’t just for big savers – a small amount saved regularly can make a big difference.

“We’ve created a short video explaining how our offset works and some case studies to show what type of client could benefit from an offset mortgage – I’d encourage brokers to take a look”.

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