Coventry cuts offset and five-year fixed rates

Coventry for intermediaries has reduced rates on its five-year fixed rate residential mortgages by up to 0.10%.

Related topics:  Mortgages
Rozi Jones
6th September 2019
Coventry
"The current mortgage market is fast moving and we’ve made these further changes which are great news for brokers’ clients"

Five-year fixed rates now start from 1.65% at 50% LTV and 1.95% at 85% LTV, both with a £999 product fee.

The lender has also cut rates on its two-year fixed rate offset mortgages by up to 0.16% and five-year products by 0.10%.

Kevin Purvey, director of intermediaries, said: “The current mortgage market is fast moving and we’ve made these further changes which are great news for brokers’ clients looking for the stability of a fixed rate or for those thinking about remortgaging in the next few months.

“These changes are also good news for clients interested in an offset mortgage, which could be a great option for borrowers wanting to make their savings work harder in this sustained period of low interest rates.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.