Coventry for Intermediaries has added to its 95% LTV range with a new two-year fixed rate mortgage.
The lender has also cut rates on its five-year fixed rate products at 95% LTV by 10 basis points.
Deals in the 95% LTV range now include:
- 3.59% two-year fixed to 30/06/23 with ERCs until 30/06/23. 95% LTV, £999 product fee. (Available for purchase and product transfer.)
- 3.79% (was 3.89%) five-year fixed to 30/06/26 with ERCs until 30/06/26. 95% LTV, £999 product fee. (Available for purchase and product transfer.)
Jonathan Stinton, head of intermediary relationships at the Coventry Building Society, said: “This is great news for brokers and their first time buyer clients. Our new competitive two-year fixed mortgage at 95% LTV adds more choice to the market and means that more aspiring home owners will be able to take that all-important first step on the property ladder. And the product is open to all purchase customers, so brokers can also secure a great rate for their clients looking for a higher LTV option.
“Plus, we’ve also recently widened our lending policy on bonus income and increased income multiples for loans greater than 90% LTV, so clients could borrow more.”