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Coventry reduces residential fixed rates

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Coventry for Intermediaries has made cuts to all of its residential fixed rate products.

This includes the 65% LTV five-year fix for purchase and remortgage with £999 product fee being cut by 19 basis points. to 4.16%.

And the 65% LV two-year fix for product transfer and further advance use, also commanding a £999 product fee, has been reduced by 18 basis points, to 4.37%.

Additionally, the 95% LTV two-year fix with no product fee and boasting £500 cashback for first-time buyers has had 7 basis points removed, giving a new price of 5.76%.

Late last month, the lender cut all of its five-year fixed rate loans at 90% to 95% loan to value, and launched two- and three-year fixed rates across the same LTV range.

Original Article

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