Coventry Intermediaries cuts mortgage rates

Coventry Intermediaries has cuts its mortgage rates for its market-leading residential and buy-to-let mortgages as well as increasing their loan-to-value LTV options.

The mortgage provider has reduced its rates on two residential tracker mortgages for home purchases which track the Bank of England base rate plus 1.75 and plus 1.99 per cent respectively.

Mortgage rates for both products have been capped at 3.49 and 3.99 per cent up to 65 and 75 per cent LTV up from 50 and 65 per cent.

Colin Franklin, sales and marketing director, Coventry Intermediaries, said: "With an increase in interest rates potentially on the horizon, fixed rate and capped tracker mortgages are likely to be in high demand."

He added that the reduction in mortgage rates and the increased LTV gives more borrowers the chance to access the best mortgage rates.

Coventry Intermediaries recently launched two new market-leading buy-to-let products with no arrangement fees.
 

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2011-01-21 15:44:27 © Moneyextra.com