14 Oct

Mortgage rates cut by 0.9 per cent for houses for sale

Mortgage rates cut by 0.9 per cent for houses for sale

Loans for people looking to buy houses for sale in the UK have been cut by 0.9 per cent at Godiva Mortgages.

Coventry Intermediaries has announced that rates on its new mortgage range have been reduced for its residential and buy-to-let products on fixed-rate and tracker mortgages.

Sales and marketing director of Coventry Building Society Colin Franklin said that the move was intended to make its mortgages best buy products.

He also noted that the group expects the deals, which include a two-year fixed-rate mortgage with 65 per cent loan-to-value (LTV) at a rate of 3.05 per cent, to be very popular among homebuyers.

"With a fantastic combination of low rates, no arrangement fees and LTVs available up to 75 per cent, there is something for everyone," the property expert stated.

Last month, Coventry Intermediaries also released new mortgages that are "ideal for borrowers looking to remortgage", said Mr Franklin.

These include a residential fixed-rate loan at 3.59 per cent on properties with 65 per cent LTV.ADNFCR-1222-ID-800116974-ADNFCR

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