Coventry Intermediaries has cut interest rates by up to 0.26 on its residential mortgage product range, available through brokers.
Two-year fixed rate options now start at 2.59 per cent at 85 per cent loan-to-value – a move Coventry says is great news for first-time buyers or those looking for a higher loan-to-value ratio. Fees and early repayment charges do apply.
Distribution director Darin Landon comments: “Hot on the heels of the Chancellor’s recent announcement on stamp duty there is more good news for homebuyers.
“We have cut rates on selected two- and five-year fixed rates at 85 per cent and 90 per cent LTV with great rates starting from just 2.59 per cent. And as booking fees are no longer payable on any of our products, we have fee-free options with no arrangement fees payable either; ideal for those looking to keep their costs low.
“And don’t forget, all residential products include a valuation up to £670 and access to our remortgage transfer service”.
