Coventry launches 2 year fix at 1.29%

Coventry for intermediaries has announced today that it has reduced rates for selected 2 Year Fixed products at 50- 90% LTV, across its Buy to Let and Residential ranges including its lowest ever 2 Year Fixed rate at 1.29%.

Related topics:  Mortgages
Warren Lewis
9th December 2016
Coventry

According to the lender, the new rates will be available from today and will include:

Residential

•1.29% (reduced from 1.49%) 2 Year Fixed to 31.03.19, 50% LTV, ERCs payable to 31.03.19, with a £999 product fee.

Buy to Let

•1.79% (reduced from 1.99%) 2 Year Fixed to 31.01.19, 65% LTV, ERCs payable to 31.01.19 and £1,999 product fee.

Kevin Purvey, Director of Intermediaries, said: “We’re delighted to launch our lowest ever 2 Year Fixed rate at 1.29%, as well as reduce rates on selected Residential and Buy to Let 2 Year Fixed products by up to 0.30%. With competitive rates, a range of

LTV options and no application fee, our 2 Year Fixed products are ideal for clients looking for the security of fixed mortgage payments over a shorter term. In addition, all of our products include a valuation of up to £670 for Residential and £700 for Buy to Let mortgages”.

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