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Coventry makes rate cuts

Ryan Fowler

October 16, 2020

Coventry for intermediaries has reduced rates on standard residential products within its two, three and 5-year ranges up to 80% loan-to-value (LTV).

The updated products are available to all residential clients, with a number of products specifically targeted at remortgages, product transfers and further advances.

Highlights include a 1.29% 2-year fixed at 65% LTV and a 1.65% 2-year fixed at 75% LTV, £999 product fee, RMTS included.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve just had a busy couple of days with our very popular 90% LTV products but there’s no need for us to take our foot off the pedal. Our service levels are still in a comfortable position and we can continue to enhance our residential product range.

“The purchase market is really buoyant at the moment but we want to support other clients too – particularly those looking for remortgage or product transfer options.

“These new rates across a number of products should improve the options available to brokers looking to move their clients on to more suitable mortgage deals.”


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