Coventry confirms cuts to resi and BTL fixes

By: ameer@trustedteam.com

Coventry for intermediaries has reduced the majority of fixed rates, with residential rates reducing by up to 20bps and buy to let rates reducing by up to 22bps.

Jonathan-Stinton-head Coventry Building Society

Two, three and five-year fixed rate options are available for residential applications.

Highlights include;

  • A 4.29% five-year fixed rate to 30.06.2029, 65% LTV, with a £999 product fee – available for residential remortgage, with the option of £350 cashback or use of Coventry’s remortgage transfer service
  • A 4.44% five- year fixed rate to 30.06.2029, 65% LTV with a £1,999 product fee – available for buy to let remortgage, with the option of £350 cashback or the use of our Remortgage Transfer Service

Coventry Building Society head of intermediary relationships Jonathan Stinton comments: “The market is moving quickly, and we’re keen to return value to borrowers wherever we can. This makes it a great time for brokers to reconnect with their clients and help them find the best product available.”

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