Coventry, the building society, will cut rates for its fixed offset and residential mortgages on Thursday.
This week Coventry will cut the rate on its Two Year Flexx Fixed mortgage from 6.25% to 6.09%. The product carries no early redemption charges (ERCs). The building society will cut its Three Year Fixed mortgage from 6.09% to 5.99% and its 10 Year Fixed Offset product from 6.09% to 5.99%. The 10 Year Fixed Offset mortgage carries no ERCs for the first five years. Coventry will also launch a 6.19% Five Year Fixed with no ERCs on Thursday. A spokesperson for Coventry says the move follows the fall in the cost of funding a fixed rate mortgage. To comment on this story contact: Je...
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