Coventry launches 10-year fix

Jake Carter

October 6, 2020

stamp duty

Coventry for Intermediaries has launched a 10-year fixed rate residential offering at up to 85% LTV.

The product includes a 3.45% fixed rate and a £999 product fee.

The lender has also reintroduced fixed rate Offset products at up to 80% LTV and Flexx Fixed offerings at up to 85% LTV.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “While many lenders are withdrawing their products from the market, this is a strong signal that we are open for business.

“Our wider range of products will help to meet the consistently strong demand from all corners of the market.

“We are now in a strong position with service levels and we can provide brokers with a broader range of products that significantly increases the available options.

“The need for transparency and certainty has never been greater and brokers can be confident that we will maintain our commitment to them, the market and our service levels, which is best encapsulated through the promises we make in our pledges.”

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