Coventry Intermediaries cuts mortgage rates by up to 0.55%
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Coventry Intermediaries has cut rates and increased LTV’s on a number of its residential and buy-to-let deals.
On its residential range it is now offering:
- +1.75% BBR tracker capped at 3.49% until 31.03.13, with a 65% LTV, up from 50% LTV
- +1.99% BBR tracker capped at 3.99% until 31.03.13, with a 75% LTV, up from 65% LTV
- It has lowered its 3.40% fixed rate, which is now 3.30% until 31.03.13, up to 75% LTV
- And lowered its 4.45% fixed rate, now 4.25% until 31.03.13, up to 85% LTV
On its buy-to-let range it now offers:
- +2.99% BBR tracker capped at 5.49% until 31.03.13, up to 65% LTV, up from 50%.
- +3.49% BBR tracker capped at 5.99% until 31.03.14, up to 70% LTV, up from 65%.
Colin Franklin, sales and marketing director at Coventry Intermediaries, says: “With an increase in interest rates potentially on the horizon, fixed rate and capped tracker mortgages are likely to be in high demand.
“We have reduced our rates and increased the LTV’s to make our market leading range accessible to more people. With a great range of products offering fantastic value and protection from interest rate rises, we are confident that even more brokers will be able to find the right mortgage for their client at Coventry Intermediaries.”
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