Coventry for intermediaries, Clydesdale Bank and Saffron for Intermediaries have cut prices as lenders take advantage of stable base and swap rates.
Coventry for intermediaries has reduced the majority of its fixes, with residential two-, three- and five-year terms down by up to 37bps.
It adds that 90% loan to value to 95% LTV deals, aimed at first-time buyers, have also been reduced, with selected products offering £500 cashback.
Highlights include:
Coventry Building Society head of intermediary relationships Jonathan Stinton says: “Fixed rates remain to be popular, so we’ve reduced all of our standard two-, three- and five-year deals to give brokers the options they need to help their clients.”
Clydesdale Bank has cut rates on a range of residential products for new and existing customers by up to 72bps.
Highlights include:
New and existing customer offers
Exclusive purchase and remortgage deals
Professional products
Saffron for Intermediaries has cut rates across 12 of its core products, including its owner-occupier, self-employed, contractor, and buy-to-let ranges by as much as 60bps.
Highlights include:
Self Employed/contractor reductions
Owner-occupier reductions
BTL reductions
Saffron for Intermediaries head of business development Tony Hall adds: “As the market evolves, we want to ensure we adapt with it.
“This latest round of rate reductions is a testament to our goal of providing affordable mortgage support to those with specialist requirements and complex sources of income.”
