Coventry for Intermediaries launches 50% LTV range

Coventry for Intermediaries has launched a 50% LTV range across its Residential and Offset portfolios.

Related topics:  Mortgages
Rozi Jones
28th June 2016
Coventry
"We’re very happy to launch our new range of Residential mortgages at 50% LTV, with highly competitive two and five year fixed products and a variety of fee options."

Residential products include a 2.09% five-year fixed rate, while offset rates start from 2.19%, both with a £999 arrangement fee.

Last week, Coventry for Intermediaries announced changes to its affordability model which it says will increase the borrowing capacity available to many prospective clients.

Speaking to Financial Reporter, a spokesperson said that the changes were "commercially sensitive" but stated that changes had been made to "many aspects of our affordability calculations... to ensure that our policies are in line with current market conditions".

Coventry added that it will now be able to lend more on average, subject to full affordability checks and lending policy.

Kevin Purvey, Head of Intermediaries, said: “We’re very happy to launch our new range of Residential mortgages at 50% LTV, with highly competitive two and five year fixed products and a variety of fee options.

"As always, all of our products are booking fee free and include a valuation of up to £670 for residential mortgages, so brokers can find a great deal for their clients."

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