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:
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Link to Original Article: The Intermediary - Coventry introduces fixed rate mortgage rises