Coventry for intermediaries launches more options for clients

Coventry for intermediaries has launched 3 year fixed rates with no fee for Residential clients at 75% and 85% LTV.

They have also reduced selected Residential rates by up to 41bps, including higher rate LTV’s and first time buyers.

2 year tracker rates have also landed in their Residential, Buy to Let and Portfolio Landlord range.

Products included in their range:

5.89% 3 Year Fixed to 30.04.2026 with ERCs until 30.04.2026 75% LTV, £0 product fee. (Available for all borrowers)
5.99% 5 Year Fixed to 30.04.2028 with ERCs until 30.04.2028 95% LTV, £0 product fee, £500 cashback. (Available for first time buyers Only)

Jonathan Stinton, Head of Intermediary Relationships at Coventry Building Society, said:

“Three year fixes is an under-served part of the market. Mortgage brokers and borrowers have been telling us it’s what they want, so we’ve added this to our range to improve the choices available.

“Many borrowers like the certainty of fixed mortgage rates but the typical two or five year terms might not appeal to everyone. Some borrowers may be worried about whether two years will be long enough to outlast market volatility, while others may think five years is not right either. In today’s environment a three year fixed rate could hits the sweet spot in between.

“On the other hand though, fixed rates don’t always suit every borrower and many people may be considering dipping their toes into variable rates, possibly for the first time in a while. We’ve launched trackers with no ERCs so they have options if the Bank Base Rate rises too quickly for their liking.

“There’s no on-size-fits-all approach and so we’re trying to create a broad range of choice that helps meet a variety of mortgage needs. As part of this, we’ve also reduced rates at 85% to 95% LTV which will increase the options available for first time buyers in particular.”

To see the full product range, visit Coventry for intermediaries.