Coventry for Intermediaries has cut rates on standard residential products within its two, three and five-year ranges up to 80 per cent loan to value (LTV).
As of 16 October, the two-year fixed at 65 per cent LTV with a £999 fee has been reduced from 1.49 per cent to 1.29 per cent. This is available for remortgage, product transfer and further advances.
At 80 per cent LTV, the five-year fixed offering for purchase, remortgages, product transfer and further advances has a rate of 2.45 per cent down from 2.15 per cent.
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 per cent 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.”
He added: “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.”
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
