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Coventry launches sub-prime range with PMS

Coventry has launched a new sub-prime product range through Premier Mortgage Service, available online only.

Members of PMS can now take advantage of a portfolio of three-year fixed rates for their client on full status and self-cert products in the Coventrys near prime, extra light and light ranges.

Fixed rates start at 5.85% for up to 90% LTV, 3.6 x income, no early repayment charges and no up-front fees.

John Malone, managing director of PMS, says: “We are grateful to the Coventry who has created this range of exclusive products.

“The competitive attributes of this offering will prove hugely beneficial to our database of intermediaries.

Colin Franklin, executive head of sales of intermediaries at Coventry, says: We are delighted to offer this exclusive through PMS.

“The products are available direct to PMSs wide membership base and our online system makes it easy to apply.


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