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Coventry launches scores of new deals up to 85% LTV

Coventry for Intermediaries has added a number of products to its residential range including a number of 85 per cent loan-to-value deals. The new deals for borrowers with a 15 per cent deposit include a two-year fixed at 3.19 per cent with a £499 fee, which is in its Flexx range meaning that there are no early repayment charges.

Further 85 per cent LTV products include a three-year fixed at 2.95 per cent with a £999 fee and a five-year Flexx fixed at 3.29 per cent with a £499 fee. It has also launched a 10-year fix in the same LTV tier at 3.45 per cent with a £999 fee.

Coventry has boosted its offset range with a number of new deals up to 85 per cent LTV.

The new offset rates start at 1.59 per cent with a £999 fee for a two-year fixed at 65 per cent LTV, while for borrowers with the smallest deposits a two-year fix at 85 per cent LTV is 3.29 per cent with no fee.

Coventry has added a large number of other deals at between 65 and 85 per cent LTV, which can be seen on its intermediary website.

Head of intermediary relationships Jonathan Stinton says: “While many lenders are withdrawing their products from the market, this is a strong signal that we’re open for business. 

“Our wider range of products will help to meet the consistently strong demand from all corners of the market.

“We will always prioritise the fantastic levels of service that we’re renowned for but we’re now in a strong position with service levels and we can provide brokers with a broader range of products that significantly increases the available options.”

Mortgage Strategy

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