Coventry trims rates on residential deals

Purvey_Kevin_Coventry_2014-700.jpgCoventry for intermediaries has reduced rates on selected two and five-year fixed rate deals by up to 0.14 per cent

It now has a 1.79 per cent (reduced from 1.89 per cent) five-year fixed to at 50 per cent LTV, with a £999 product fee.

It also has a 1.85 per cent (reduced from 1.99 per cent) five-year fixed at 65 per cent LTV, with a £999 fee.

The lender has also launched a 1.39 per cent Flexx for Term, deal at 50 per cent LTV, with no ERCs with a £999 product fee

Director for intermediaries Kevin Purvey says: “We’re delighted to start the new year with reductions across our residential mortgage portfolio, including selected two and five year fixed products.

“We’ve also launched a new range of Flexx for Term products at 50 per cent LTV, which offer highly competitive rates and added flexibility.”