Coventry for intermediaries has launched 2-year and 3-year fixed rate products at 90% loan-to-value (LTV), to sit alongside the 5-year fixed rate options already available at this LTV bracket.
A number of these products were specifically aimed at supporting first-time buyers and come with £500 cashback.
Selected residential rates were also reduced by up to 0.16%.
Highlights include a 5.95% 3-year fixed rate up to 90% LTV, with no product fee and £500 cashback, available for first-time buyers, as well as a 4.85% 5-year fixed rate up to 65% LTV with a £999 product fee, available for residential purchase.
Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “Following broker feedback, we’ve enhanced our higher loan to value product range with a particular focus on supporting first-time buyers.
“The security of fixed rates make them a popular option for many new borrowers, and having rates available for 2-, 3- and 5-years means people looking to get on the ladder will have more choices available to them.”
