Two- and five-year fixed rates are available for new and existing customers
Coventry for intermediaries has expanded its product range with new offset and interest-only options.
The intermediary-only lender of Coventry Building Society said two- and five-year fixed rates are available for new and existing customers, while existing offset and interest-only products have also been reduced.
Available for purchase and remortgage are 4.51% offset two-year fixed rate at 65% loan-to-value (LTV), and 4.66% interest-only two-year fixed rate at 50% LTV. Both products come with a £999 fee and a choice of £350 cashback or remortgage transfer service for remortgage applications.
“We want to make sure brokers have access to the wide range of products they need,” Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said. “Offset has become increasingly popular, and we have seen strong demand from brokers to enhance the range and choice available.
“Education in this offering is so important, and there are lots of resources available on our website to support this often misunderstood product. Offset and interest-only products can be great options for borrowers to consider, and brokers can make all the difference in guiding their clients through the features of these rates.”
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