Coventry Building Society has added product transfer mortgages to its range and expanded the eligibility for its 90 per cent loan to value (LTV) mortgage.
The mutual brought its 90 per cent LTV products back in January for first-time buyers as well as existing remortgagors and home movers. It has now opened this up to all new business.
Its product transfer range includes a two-year fix at 50 per cent LTV with no product fee. This has a rate of 1.45 per cent.
There is also a two-year fix at 65 per cent LTV with a rate of 1.19 per cent and a £999 product fee.
Both mortgages are available for product transfers and further advances.
Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “A large slice of the market is still made up of clients who aren’t looking to move lender.
“This product transfer range gives brokers more options for their existing Coventry clients who are coming to the end of their existing mortgage deals and are looking for a straightforward switch at a competitive rate.”
He added: “The demand for higher LTV products is strong with remortgagers and home movers as well as first time buyers. We’re pleased to be able to extend our offering at 90 per cent LTV to increase the options available to these customers.”
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
