Coventry for Intermediaries has announced the launch of a unique 10 year fixed offset range this week, which allows customers to secure a competitive rate with the added benefits of an offset mortgage available at 65% loan to value (LTV), as well as including a 10 year residential offer also at 65% LTV.
The offset mortgage is supposedly the only product of its type currently on the market, with a rate of 3.19% at 65% LTV with a £999 arrangement fee. Including a Remortgage Transfer Service, this comes with no additional booking fees.
The lender is also now offering a 10 year fixed residential rate of 2.99% at 65% LTV. This also includes valuation of up to £670 for residential mortgages.
As far as longer term fixed rates are concerned, Skipton International has additionally revealed its expansion into the expat buy to let mortgage space and will now be offering a 5 year fixed rate at 4.49% up to 75% LTV as part of the new offer. With no arrangement fees and a £999 application fee, as well as a maximum loan size of £1.5 million, this is certainly a beneficial deal for many borrowers in the current market climate.
Elsewhere in the fixed rate mortgage space, Mansfield Building Society has now launched a 2.29% 2 year fixed rate available up to 80% LTV, with a maximum lending age of 70 and a £999 product fee. This is available for both purchases and to customers looking to remortgage.
In line with this, the lender has also released a 2.5% discount rate for 3 years, from an initial rate of 3.09% and a maximum LTV of 90%.
The buzzing demand for fixed rate mortgages shows no sign of slowing across the market, while lenders continue to make the most of, launching some of their most competitive rates yet. Watch this space for news on the latest products as they come, we will be sure to keep you in the loop.