Mortgages

Coventry announces 0.20% rate cuts

The lender has also reduced rates on its three and five-year fixed rates and standard buy-to-let products.

Rozi Jones
|
11th June 2019
Coventry
"The next few months will see a lot of borrowers’ current mortgage deals coming to an end, so these products are ideal for those looking to secure their remortgage deal"

Coventry for intermediaries has reduced rates on its two-year fixed rate mortgages by up to 0.20%.

Owner-occupier rates now start from 1.35% at 50% LTV with a £999 product fee or 1.69% fee-free.

The lender has also reduced rates on its three and five-year fixed owner-occupier ranges and its fixed rate standard buy-to-let products.

Kevin Purvey, director of intermediaries, said: “Our two, three and five-year fixed owner-occupier ranges are now even more competitive.

"The next few months will see a lot of borrowers’ current mortgage deals coming to an end, so these products are ideal for those looking to secure their remortgage deal as early as they can.

"And it’s good news for landlords too, as we’ve reduced fixed rates on standard buy-to-let products”.

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