Coventry for intermediaries is the latest lender to trim rates, bringing down the cost of selected residential mortgages by up to 30bps.
The lender has cut the cost of two, three and five-year fixes, with deals available to both new and existing customers. The covers LTVs from 65% to 95%, with various fee options.
The products with the biggest cuts include a a five-year fixed rate at 4.8% (up to 85% LTV). This comes with a £999 fee and is available for residential purchases.
It has also offering a five-year fix at 4.88% (at 85% LTV). This offers a £500 cashback and is available for first-time buyers. This has been reduced by 12bps.
In its two-year range Coventry for intermediaries is offering a 4.89% fix (at 75% LTV). This comes with a £999 product fee and is available to existing customer only – again this is a 12bps reduction.
