"Fixed rates are still in demand so we’ve passed on reductions to selected two, three and five-year deals"
Coventry for intermediaries has reduced the majority of fixed rates across its residential and buy-to-let mortgage ranges.
Residential rates across two, three and five-year options are reducing by up to 45bps and buy-to-let rates by up to 28bps.
Highlights include a residential two-year fixed rate, reduced to 5.90% at 60% LTV with a £999 fee and the option of £350 cashback or remortgage transfer service.
For buy-to-let, a five-year fixed rate has reduced to 5.97% at 75% LTV with no a product fee, available for purchase and remortgage.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We continue to reduce rates as we’re keen to provide value to customers as soon as we can.
"Fixed rates are still in demand so we’ve passed on reductions to selected two, three and five-year deals, arming brokers with the range of options they need to help their clients.”
