Coventry for intermediaries reduces rates on fixed term owner-occupier mortgages

Michael Lloyd

June 11, 2019

Coventry for intermediaries has reduced rates across its 2-year fixed owner-occupier mortgage ranges by up to 0.20%.

At 50% loan-to-value the product with a £999 product fee was cut from 1.55% to 1.35% while the other product without a product fee was reduced from 1.89% to 1.69%.

Both have early repayment charges (ERCs) payable until 30 September 2021.

Kevin Purvey, director of intermediaries, said: “Our 2, 3 and 5-year fixed owner-occupier ranges are now even more competitive.

“The next few months will see a lot of borrowers’ current mortgage deals coming to an end, so these products are ideal for those looking to secure their remortgage deal as early as they can.

“And it’s good news for landlords too, as we’ve reduced fixed rates on standard buy-to-let products.”

The lender has also reduced rates on its 3 and 5-year fixed owner-occupier ranges and fixed standard buy-to-let products.

For buy-to-let a 2-year fixed mortgage at 50% LTV was cut from 1.66% to 1.59% and a 2-year fixed at 65% LTV has decreased from 1.76% to 1.69%.

Both come with a £1,999 product fee and ERCs.

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