Coventry reduces rates

A new two year fixed rate residential mortgage at 3.87% is available at 65% LTV with a free valuation and free remortgage transfer service.

A two year fixed rate buy-to-let mortgage is also on offer at 5.20% with £1250 of fees and a free valuation. This is available at 65% Loan to Value, up from 60%.

The society has also introduced a five year fixed Residential option at 75% LTV.

Colin Franklin, head of sales and marketing at Coventry, said: "These new mortgages offer great value and peace of mind for those customers who may be worried about potential interest rate rises in future and are looking to remortgage now. The increase in LTV on these products means more people can take advantage of these very competitive fixed rates, plus the fact that we do not dual price our mortgages means that brokers can be confident of getting the best deal for their clients."