Coventry for Intermediaries has reduced all five-year fixed rates at 90-95% LTV and launched two and three-year fixed rates across the same LTV range.
A number of products are specifically aimed at supporting first-time buyers and come with £500 cashback.
New deals include the following:
- 5.50% 2 year Fixed Rate to 30.06.2025, 90% LTV, no product fee and £500 cashback. (Available for first time buyers only)
- 4.81% 5 year Fixed Rate to 30.06.2028, 90% LTV and £999 product fee (Available for purchase – including first time buyers – and remortgage)
Tracker products across all LTVs are also being repriced relative to the market.
Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “We’ve enhanced our higher loan to value products with a particular focus on supporting first time buyers. We’ve provided more competitive rates and increased options to help people find the best solution to getting a foot on the ladder.
“We want to give brokers a range of products to discuss with all their clients, so we’ve similarly reduced rates and added more options across the entire 90-95% range.”