Coventry for intermediaries has reduced selected fixed rates by up to 10bps, with lower options available for residential and buy to let customers.
Two, three and five-year fixed rate products are available for residential applications, with options from 65% – 95% loan to value.
Highlights include a 4.53% two- year fixed rate until end of June 2027, 65% LTV, £999 product fee – available for residential purchase.
Also a 4.61% five- year fixed rate until end of June 2030, 65% LTV with a £1,999 product fee – available for buy to let remortgage, with the option of £350 cashback of use of our remortgage transfer service
Coventry Building Society head of intermediary relationships Jonathan Stinton said: “There’s been some turbulence in the market in recent weeks, but we’re keeping an eye on any movements so we can pass on reductions where we can. Supporting brokers is a top priority for us, so we want to do all we can to help them help their clients.”
Keystone Property Finance has cut its rates by 15 basis points.
The buy to let lender’s reductions apply to all two-year and five-year fixed rates across their Standard, Specialist, Ex-pat, Holiday Lets and Product Transfer ranges.
Keystone’s new rates now start at: Standard: 3.49% up to 70% LTV; specialist: 3.54% up to 70% LTV; ex-pat: 5.04% up to 65% LTV; holiday lets: 5.19% up to 65% LTV; product transfer and product transfer plus: 5.14% up to 65% LTV; and switch & fix: 6.44% up to 65% LTV.
Elise Coole, Managing Director of Keystone Property Finance, commented: “We’re delighted to be able to reduce our rates at a time when many other lenders’ rates are still increasing. While SWAP rates accelerated after the New Year, we’ve seen settled funding conditions over the past few days, which has allowed us to reprice our range.”