Coventry for intermediaries reduces rates

Michael Lloyd

September 14, 2018

Coventry for intermediaries has reduced rates across its five and 10-year fixed owner-occupier mortgage ranges by up to 0.10%.

Highlights include a 5-year fixed rate with a £999 product fee and a rate cut from 1.94% to 1.89% and another 5-year fixed rate, which comes with the same product fee but a £500 cashback too, and a rate reduced from 2.45% to 2.39%. There’s also a 10-year fixed rate with a £999 product fee cut from 2.39% to 2.35%.

Kevin Purvey, director of intermediaries, said: “Our five and 10-year fixed owner-occupier and 5-year fixed buy-to-let mortgage ranges are now even more competitive, with some products offering market-leading rates.

“These products are a great option for borrowers looking for the stability and certainty of fixed mortgage payments, with a variety of LTVs and fee options for a range of brokers’ clients.”

Two owner occupier 5-year fixed rates both at 75% LTV were cut by 0.1%.  One has no product fee and is 2.25%, which was previously 2.35% while the other has a £999 product fee and was reduced from 2.15% to £2.05%.

For buy-to-let there’s two 5-year fixed rates cut by the 0.1% and both come with a £999 product fee. At 50% LTV one was reduced from 2.55% to 2.45% and at 65% LTV the other rate was cut from 2.65% to 2.55%.

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