Coventry for intermediaries has reduced rates by up to 0.15 per cent on selected products for owner-occupiers, and by as much as 0.25 per cent on buy-to-let deals.
For owner-occupiers, rate changes apply up to 85 per cent loan to value (LTV), and include a five-year fixed rate at 75 per cent LTV which now has a rate of 3.25 per cent. This has a £999 fee and is available for purchase, remortgage, further advance and first-time buyers.
The fee-free counterpart now has a rate of 3.54 per cent.
At 85 per cent LTV, the five-year fixed rate with a £999 fee has a rate of 3.35 per cent. This is also available for purchase, remortgage, further advance and first-time buyers.
Ben Williams (pictured), corporate account manager at Coventry for intermediaries, said: “We’re continuing to support the broker market where we can with more competitive rates across a large selection of products. These changes will allow us to strike a better balance between meeting client demand for competitive rates and balancing service. In the current market, brokers and their clients should see the appeal of a good mix of both.”
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
