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TSB and Coventry cut fixed mortgage rates – roundup

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  • 14/09/2018
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TSB and Coventry cut fixed mortgage rates – roundup
TSB and Coventry for intermediaries have this week reduced their rates by up 0.35% and 0.10% respectively.

 

TSB has also introduced new three-year fixed rates for home buyers at 85-95% Loan to Value (LTV) available via intermediaries.

The lender cut its two and five-year fixes by up to 0.35% for home buyers at up to 95% LTV, while its three-year fix  up to 85% LTV has been trimmed by 0.10%.

At the same time, TSB’s two and three-year fixed for remortgages at up to 60% LTV have been cut by up to 0.15%.

 

Coventry for intermediaries

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

Within the owner-occupier range, the lender cut its five-year fix to 1.89% from 1.94% at 50% LTV with a £999 product fee.

And at 75% LTV, its five-year fix has been reduced to 2.05% and to 2.25%, with a £999 product fee and no product fee respectively.

At 90% LTV, the lender cut its five-year fix to 2.39% from 2.45%, with a £999 product fee.

Its 10-year fix has been reduced to 2.35% from 2.39%, with 50% LTV and a £999 product fee.

Within the buy-to-let range, the lender reduced its five-year fix to 2.45% from 2.55% at 50% LTV, whilst at 65% LTV its five-year fix has been reduced to 2.55%, with a £999 product fee.

Kevin Purvey, director of intermediaries Kevin Purvey (pictured) said: “Our five and 10 year fixed owner-occupier and five 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.”

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