Coventry for intermediaries cuts mortgage rates by up to 0.66%

Coventry for intermediaries has reduced rates on selected owner-occupier mortgages by up to 66 basis points.

Related topics:  Mortgages
Rozi Jones
11th March 2022
Coventry
"We’re delighted to make significant rate reductions to our owner-occupier mortgages, as well as our offset and interest-only ranges."

The lender has also cut rates on its offset and interest-only products, by up to 14 and 16 basis points respectively.

A two-year fixed rate first-time buyer product at 95% LTV has reduced from 3.25% to 2.85% with no product fee and £500 cashback.

Other highlights include a five-year fixed rate at 65% LTV which is down to 1.95% with a £999 product fee.

The Coventry recently reduced rates across its buy-to-let mortgage range by up to 0.60%.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re delighted to make significant rate reductions to our owner-occupier mortgages, as well as our offset and interest-only ranges.

"It’s great news for brokers, who can now find even better options for a range of clients, at a time when home buyers and home movers are facing rising costs elsewhere.”

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