Coventry cuts 2-, 3-year resi rates by up to 30bps  

By: ameer@trustedteam.com

Coventry for intermediaries has cut selected two- and three-year fixed-rate residential loans by up to 30bps and extended end dates on all products in the range.  

The broker-only arm of Coventry Building Society says highlights include:  

  • A residential 4.21% two-year fixed-rate offer to 31 October 2025, at 65% loan to value, with a £999 product fee – available for residential purchase, first-time buyers. It also has a remortgage option of £350 cashback, or remortgage transfer service for remortgage  
  • And a residential 4.18% three-year fixed-rate deal to 31 October 2026, at 75% LTV, with a £999 product fee – available for residential purchase, FTBs. It also has a remortgage option of £350 cashback, or remortgage transfer service for remortgage  

Coventry Building Society corporate relationship manager Ben Williams says: “After an excellent start to the year, the mortgage market continues to be busier than many expected — even if it isn’t quite at last year’s levels.  

“Demand for trackers still exists but the real interest is in two- and three-year fixed rates. Brokers and their clients need competitive options to choose from and we’re continuing to support the market with further reductions of two- and three-year fixes.   

“Three years has continued to be popular, as this has given borrowers additional security and more choice of fixing for slightly longer without long tie-ins.”  

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