Mortgage News
Coventry and Keystone refresh five-year fixed ranges
Coventry Building Society has launched a 3.25% five-year fixed rate at 65% Loan-to-Value for residential mortgages along with two buy-to-let products with a fixed and flexible option.
The product has a £199 booking fee, £800 arrangement fee and early repayment charges payable for five years.
And the building society has brought out two buy-to-let deals at 70% LTV.
A two-year fixed rate is available at 3.45% while a Flexx for Term option is available at 3.70%.
Both products carry a booking fee of £250 and an arrangement fee of £1,749.
Coventry has also launched two Flexx for Term deals starting from 2.29%.
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Colin Franklin, managing director at Godiva Mortgages, said: “Our Flexx for Term range has always been very popular with borrowers looking for low rates with no early repayment charges.”
Adding to the selection of buy-to-let mortgages available for brokers Keystone Buy to Let Mortgages has cut rates across its five and three-year fixed rate deals.
At 70% LTV for loans between £600,000 to £1m (Premier range) Keystone has cut the rate to 5.04% with a 2.5% lender arrangement fee to be added to the loan.
And on its Classic range the five-year fix, at 75% LTV, has fallen by 0.2% to 5.24% for loans up to £600,000 with the a 2.5% lender arrangement fee to be added to the loan.
Across the range all three-year fixed rates have been cut by 0.3% and five-year rates have come down by 0.2%.
David Whittaker, managing director of Keystone, said: “Our products have always been criteria rather than rate-led offerings but we have been in talks with Aldermore, our funder, and are delighted to announce that the bank has found room in its margins to re-price downwards.”