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Coventry cuts rates across fixed rate 90% LTV range

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  • 20/11/2015
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Coventry cuts rates across fixed rate 90% LTV range
Coventry for intermediaries has reduced interest rates across its range of fixed rate residential mortgages at 90% loan-to-value (LTV).

The rate for its two-year fixed rate mortgage now starts at 2.85%, reduced from 3.15%. Three-year deals start at 3.09%, down from 3.49%, while rates for five-year arrangements have fallen from 3.65% to 3.55%.

The products come without arrangement or booking fees, and with early repayment charges (ERC) starting at 2%, 3% and 5% respectively.

The building society has also reduced rates on its Flexx for Term mortgages at 90% LTV, now starting at 2.45% with an arrangement fee of £999, which can be added onto the mortgage. No ERC apply, allowing for unlimited repayments.

Darin Landon (pictured), distribution director, said: “In addition, with a valuation of up to £670 included for residential products and our remortgage transfer service available for remortgagors, now is a great time to secure a highly competitive deal for your clients with a 10% deposit.”

Earlier this week, Coventry for intermediaries reduced its rate across its buy-to-let range of two-year and five-year fixed and Flexx for Term arrangements. Its 65% LTV fixed-rate mortgage now starts at 1.99%, its lowest ever rate for a buy-to-let product.

In July, it announced mortgage advances for the first half of this year have increased to a record high of £4.2bn, a rise of 25% on the same time last year.

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