Coventry for Intermediaries launches 1.84% five-year fix

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Coventry for Intermediaries has launched its lowest ever five-year fixed rate at 1.84 per cent.

The residential loan is available at 50 per cent LTV. It has a £999 product fee.

The lender has also introduced a five-year fix at 3.05 per cent at 90 per cent LTV with no product fee.

Coventry for Intermediaries director of intermediaries Kevin Purvey says: “We are delighted to be launching our lowest ever five-year fixed rate at just 1.84 per cent, up to 50 per cent LTV.

“And for clients with a lower deposit, we have a best buy rate of 3.05 per cent, available up to 90 per cent LTV for  five years.

“With no product fee, this is ideal for brokers looking to keep their clients’ initial costs low.”