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Coventry BS to update products

  • 17/07/2023
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Coventry BS to update products
Coventry Building Society will be closing select products at 8pm tomorrow, including residential and buy-to-let new business deals.

In a note to brokers, the lender said it launched products at 8am on 19 July.

On the residential side, Coventry said it would increase all fixed new business rates, which includes offset, interest-only and offset interest-only.

All fixed new business rates will be withdrawn at 80 per cent loan to value (LTV).

The firm added that it would temporarily withdraw the remortgage cashback option on offset, interest-only and offset interest-only deals.

On the buy-to-let side, in its new business range all fixed and portfolio new business rates at 65 per cent LTV will go up.

All fixed buy-to-let and portfolio buy-to-let new business rates at 75 per cent LTV will be withdrawn.

No changes have been made to existing customer ranges.

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