Coventry for intermediaries has reduced rates on products from 50% to 75% LTV in its residential mortgage range.
A reduction of up to 10 basis points will be applied, including on two- and five-year fixed rate deals.
Examples of reductions include a two-year residential deal cut from a rate of 1.29% to 1.19% and a five-year deal dropped from a 1.55% rate to 1.45%.
Both have no product fee and are available for purchase and remortgage.
Coventry Building Society head of intermediary relationships Jonathan Stinton says: “Brokers and their clients have a wide range of products currently available to them, offering a variety of choices for both rates and product features that can match more closely with the needs of borrowers.
“Our Residential mortgages are now even more competitive and will appeal to a broad range of borrowers, including those whose mortgage deals are due to end in the next couple of months.”
In August, the lender made cuts to its residential mortgage range, including high LTV (above 75% LTV) products.
Original Article from Mortgage Strategy 10/09/21