Coventry cuts rates by 0.24%

Coventry has slashed its rates on two fixed rate mortgage deals by up to 0.24%.

These are a two year fix at 3.15%, now at 3.05% and a three year fix at 3.99% reduced to 3.75%.

The two year deal is available at 60% LTV while the three year is available at 70%.

The package includes legal fees for remortgagors, one valuation up to £650 and it is available for purchase and remortgage.

Colin Franklin, sales and marketing director at Coventry, says: “We are delighted to be able to cut our rates on these fixed rate products. With many borrowers looking for stability, our reduced rates offer even better value. We expect these to be very popular so borrowers need to act now to avoid missing out.”