Coventry for intermediaries reduces rates and launches 80% deals

Coventry for intermediaries has reduced new business residential rates across 65%-75% LTV, launched 80% LTV residential options, and reduced all Buy to Let fixed rates.

Selected residential products are reducing by up to 20bps and Buy to Let products are reducing by up to 100bps.

Highlights include:

4.63% 2 year Fixed Rate to 31.08.25, 80% LTV and £999 product fee – available for residential purchase and remortgage, with a choice of £350 cashback or RMTS for remortgage applications
4.0% 5 year Fixed Rate to 31.08.28, 65% LTV and £1999 product fee – available for Buy to Let purchase or remortgage

Jonathan Stinton, Head of Intermediary Relationships at Coventry Building Society, said: “We’re continuing to support our intermediary partners with a number of rate reductions and new products. We’ve seen demand for products at 80% LTV so we’re launching these rates to give brokers and their clients the options they need.

“All of our Buy to Let fixed rate products are benefitting from a rate reduction, and last week we also enhanced our Buy to Let reference rates to reflect current market conditions.”