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The Intermediary - Coventry introduces fixed rate mortgage rises   Green Tick

  (14/02/2024) Coventry Building Society, The Intermediary

Coventry for Intermediaries has this morning announced new fixed mortgage rate rises across its product offering. For new borrowers, the society will be increasing fixed rates at 65% to 85% loan-to-value (LTV) throughout its residential range, along with 5-year fixes at 90% to 95% LTV with fee. 2- and 3-year fixed purchase rates at 90% LTV will also see an increase, along with a number of remortgage options. For existing borrowers, all residential fixed rates (excluding offset deals) from 65% to 85% LTV will see increases, along with 2-year deals from 90% to 95% LTV and 5-year deals at 95% LTV. In addition, for new borrowers looking to avail of the society’s buy-to-let range, there will be additional increases across the lender’s 2-year fixed remortgages, its 2-year fixed purchase rates with no fee, as well as its 5-year fixed rates. We asked brokers for their thoughts: https://theintermediary.co.uk/2024/02/coventry-introduces-fixed-rate-mortgage-rises/

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