View more on these topics

Coventry launches seven-year fixed range


Coventry for Intermediaries has launched a range of seven-year fixed residential mortgages.

The range is available from today. Rates start from 1.99 per cent for a seven-year fix at 50 per cent LTV with a £999 arrangement fee.

The new products also include a 2.55 per cent product at 85 per cent LTV, also with a £999 arrangement fee.

All the seven-year range have early repayment charges of five per cent in the first year, three per cent for the next two years and 1 per cent for the rest of the term.

Coventry for Intermediaries director of intermediaries Kevin Purvey says: “With rates low and uncertainty high, many brokers’ clients will be looking to lock into longer term fixed rate mortgages.

“Our new seven-year fixed range – at market-leading rates with a range of LTVs – bridges the gap between the five- and 10-year options currently on the market.”


One to One: Kevin Purvey, Coventry Building Society

The value of consistency, sticking to pledges made to brokers, and focusing on good customer outcomes Coventry recently released a 50 per cent LTV range. Can you explain more about this? Coventry is a growth business. Throughout my time with the Society we’ve grown by about 10 per cent each and every year, and this […]


Coventry for Intermediaries launches 50% LTV range

Coventry for intermediaries has launched a 50 per cent LTV range across its residential and offset portfolios. The residential 50 per cent range includes a 2.09 per cent five-year fixed with early repayment charges payable to September 2021 and a £999 arrangement fee. The offset range includes a 2.19 per cent five-year fixed with the […]


Coventry also eyeing proc fees for retention business

Coventry Building Society is the latest lender to announce it is considering paying brokers procuration fees for retention business. The lender says it is reviewing its position but has not set a deadline to make a decision. A Coventry spokeswoman says: “We are looking at this as we recognise the value of the advice that […]

Advice or guidance? That is the question

The Retail Distribution Review (RDR) brought many benefits to the UK pension industry, but it also created an advice gap, resulting in consumers with the smallest funds struggling to access advice at a suitable price By Justin Corliss, Business Development Manager The Financial Advice Market Review (FAMR) produced in March 2016 aims to remedy this, […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now