Coventry BS reduces residential and BTL fixed rates

Coventry Building Society has reduced selected residential and buy-to-let (BTL) fixed rates by up to 0.21%.

Coventry Building Society’s residential fixed rates will be reduced by up to 0.21% and BTL rates will be reduced by around 0.15%.

Two-, three- and five-year fixed rates are available for residential applications, with 65% to 95% loan-to-value (LTV) products available.

Examples of discounts include two-year fixed rate at 85% LTV with £500 cashback at 5.34%. This is for first time buyers only.

The lender’s five-year fixed residential rate at 65% LTV is priced at 4.59%, with the option of a £350 repayment or mortgage transfer service.

Jonathan Stinton, Head of Intermediary Relations at Coventry Building Society, said: “We have reduced most of our fixed rates, further improving the choice we offer. It gives brokers a great opportunity to interact with their clients and advise them on the best options available.”

Coventry Building Society cut selected residential fixed rates by up to 0.3% earlier this month.

The lender has also agreed to buy The Co-operative Bank for a cash consideration of £780m, which will create a group with a balance sheet of £89bn.

Anna is currently deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. He has been working as a journalist since 2019, obtaining his NCTJ Gold Standard diploma from News Associates in a six-month fast-track course. She began her career as a reporter at specialist publication The Insurance Insider, covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021. In her role, she helps develop and structure the news agenda for the day respectively and writes the press. releases, features, interviews, analysis and exclusives for both titles. He also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business. She has been shortlisted for three journalism awards, which include the 2020 BIBA Journalist and Media Awards, the Headline Money (B2B) Mortgage Journalist of the Year Award in 2022 and 2023. Before being a journalist, Anna worked in e-commerce all around the world. Snow + Rock, Cycle Surgery and Runners Need websites and before that he worked at specialist financial relations firm Rostrum. In her free time, Anna enjoys reading, watching live music, and cooking for friends and family. When he gets the chance, he also enjoys hiking, skiing and indoor climbing.