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Coventry BS cuts rates and increases LTVs

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Coventry Intermediaries has cut rates and increased the loan-to-values on some of its residential and buy-to-let products.

The changes to the residential range include:

  • Increased LTV from 50 per cent to 65 per cent on its base rate plus 1.75 per cent tracker capped at 3.49 per cent until March 31, 2013.
  • Increased LTV from 65 per cent to 75 per cent on its base rate plus 1.99 per cent tracker capped at 3.99 per cent until March 31, 2013.
  • It has reduced its 3.40 per cent fixed rate at 75 per cent LTV, which is now 3.30 per cent until March 31, 2013.
  • It has reduced its 4.45 per cent fixed rate at 85 per cent LTV, which is now 4.25 per cent until March 31, 2013.

The changes to is buy-to-let range include: 

  • Increased LTV from 50 per cent to 65 per cent on its base rate plus 2.99 tracker, which is capped at 5.49 per cent until March 31, 2013.
  • Increased LTV from 65 per cent to 70 per cent on its base rate plus 3.49 per cent tracker, which is capped at 5.99 per cent until March 31, 2014.

Sales and marketing director Colin Franklin says: “We have reduced our rates and increased the LTV’s to make our market leading range accessible to more people.  With a great range of products offering fantastic value and protection from interest rate rises, we are confident that even more brokers will be able to find the right mortgage for their client at Coventry Intermediaries.”

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