Coventry for Intermediaries has reduced rates across its 10-year fixed owner-occupier mortgage range by up to 0.15 per cent.
The lender has also reduced rates on its two-year fixed standard residential products by 0.05 per cent for 90 per cent loan to value and its five-year fixed standard residential and offset products by up to 0.10 per cent.
Changes to the 10-year fixes include:
- 2.20 per cent 10-year fixed until 30 September 2029, at up to 50 per cent loan to value (LTV) with early repayment charges (ERC) payable until 30 September 2024 and a £999 product fee;
- 2.40 per cent offset 10-year fixed until 30 September 2029, at up to 65 per cent LTV, with ERCs payable until 30 September 2029 and a £999 product fee
Kevin Purvey, director of intermediaries, said: “Many borrowers are nervous about future market conditions, which is why more lenders are offering 10-year fixed rate mortgages and rates have never been more competitive.
“A wide range of clients could benefit from a longer-term fixed mortgage – from those who are close to the end of their mortgage deal to families looking to keep costs down for longer – so it’s worth brokers considering these products for their clients.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS