Great News: Coventry Building Society Slashes Fixed Mortgage Rates - Here's What You Need to Know

Looking for a better mortgage deal? There's some exciting news from Coventry for intermediaries! They've just announced a reduction in their fixed rate mortgages by up to 0.10%, bringing some welcome relief for both homebuyers and buy-to-let investors.

Whether you're buying your dream home or investing in property, Coventry has flexible options to suit your needs. They're offering residential mortgages with fixed terms of 2, 3, or 5 years, and you can borrow anywhere from 65% to 95% of your property's value.

Some standout deals include:

• An attractive 4.53% 2-year fixed rate for residential purchases (until June 30, 2027) if you're borrowing up to 65% LTV, with a £999 fee

• For buy-to-let landlords looking to remortgage, there's a competitive 4.61% 5-year fixed rate (until June 30, 2030) at 65% LTV. This comes with a £1,999 fee and the option to get £350 cashback through their Remortgage Transfer Service

Jonathan Stinton from Coventry Building Society shared some encouraging words about these changes: "Despite recent market fluctuations, we're actively monitoring the situation to pass on savings to our customers whenever possible. We're committed to supporting mortgage brokers so they can provide the best possible service to their clients."

These new rates could mean significant savings on your mortgage payments. If you're considering a new mortgage or remortgage, now might be the perfect time to explore these competitive rates from Coventry Building Society.

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Looking for expert mortgage advice? Reach out to your mortgage broker to discuss how these new rates could benefit you.

[This article provides current mortgage rate information as of January 2025. Rates and terms are subject to change - please check with Coventry Building Society for the latest offers.]