Longer term fixes reduced at Coventry

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Coventry for intermediaries has announced that it has reduced rates across its five and ten-year fixed rates by up to 0.10%.

According to the lender, new owner-occupier rates include five-year fixes from 1.89% up to 50% LTV with a £999 product fee and 2.39% up to 90% LTV with a £999 fee and £500 cashback.

Ten-year fixed rates have been reduced from 2.39% to 2.35% at 50% LTV, with a £999 product fee.

The lender has also reduced rates on its five-year fixed buy-to-let range by 0.10%.

Kevin Purvey, director of intermediaries, said: “Our five and ten-year fixed owner-occupier and five-year fixed buy-to-let mortgage ranges are now even more competitive, with some products offering market-leading rates.

These products are a great option for borrowers looking for the stability and certainty of fixed mortgage payments, with a variety of LTVs and fee options for a range of brokers’ clients.”

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