Mortgages  

Coventry for intermediaries cuts rates on selected mortgages

Coventry for intermediaries cuts rates on selected mortgages

Coventry for Intermediaries has cut rates on a series of residential and offset products and launched a new range of Flexx for Term mortgages at 65 per cent loan-to-value.

The portfolio, available from today (Friday) includes a residential offering of 1.25 per cent – reduced from 1.39 per cent – on a Flexx for Term with 50 per cent LTV with no early repayment charges (ERCs) and a £999 product fee.

It also includes a 1.35 per cent Flexx for Term on 65 per cent LTV also with no ERCs and the same product fee. 

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In the offset space Coventry has also introduced a 1.45 per cent - reduced from 1.59 per cent - Flexx for Term product on a 50 per cent LTV with no ERCs and similarly a £999 product fee.

 Kevin Purvey, director of intermediaries, said: “We’re delighted to have reduced rates on our offset and residential ranges, and to have launched a new range of Flexx for Term products at 65 per cent LTV. 

“With highly competitive rates and a variety of LTV options, brokers can find a great product for their clients. In addition, all of our products are application fee free and include a valuation of up to £670 for residential mortgages.”

Jane King, mortgage adviser at London-based Ash Ridge, said: “I really like these products because of their lack of early repayment charges, they’re great for that, sometimes clients want that kind of thing, and they’re great for that, and also competitive.”