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Coventry BS launches three-year fixes; Clydesdale pulls deals – round-up
Coventry Building Society has released a range of three-year fixed mortgages in response to a desire for more mid-term mortgage options.
The mutual said mortgage brokers had suggested this due to demand from clients.
The rates will match corresponding mortgages in its two-year fixed rate range, such as the three-year fix at 75 per cent loan to value (LTV) with a rate of 3.77 per cent and a £999 product fee.
Alongside this, the mutual has cut rates on selected two and five-year fixes by up to 0.23 per cent. This includes mortgages in its offset range, where borrowers use their savings to offset their mortgage interest.
Interest-only mortgage rates have also been reduced by up to 0.26 per cent, while standard buy-to-let rates have been cut by up to 0.32 per cent.
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Clydesdale pulls five-year fixes
Clydesdale has withdrawn select five-year fixed mortgages from its offering.
From 8pm today, the bank will pull its five-year fixes with a £999 fee at 75, 80 and 85 per cent LTV.
These products will still be available to existing customers switching rates, however.