Coventry for intermediaries has lower chosen residential fixed-rate offers for brand spanking new and present prospects by as much as 16 foundation factors.
Product highlights embody:
Two-year fixes to 31 December 2027, at 50% mortgage to worth, at 4%, with a £999 payment – accessible for interest-only remortgage, with an choice to have £350 cashback, or use the lender’s remortgage switch service
Two-year fixes to 31 December 2027, at 65% LTV, at 3.90%, with a £999 payment – accessible for buy
This change will scale back stress charges for residential lending, growing most borrowing by 8% to fifteen% for a lot of candidates, the unit mentioned.
Coventry Building Society company account supervisor Ben Williams added: “As properly as decreasing our charges, we’ve up to date our affordability stress testing – that means some purchasers might be able to borrow extra.”
