Coventry for intermediaries has reduced selected fixed mortgage rates, with residential rates at 90% to 95% loan-to-value (LTV) reducing by up to 0.14%.
A number of these products are specifically aimed at supporting first-time buyers and come with £500 cashback.
The society’s buy-to-let rates across the board are also reducing by up to 0.11%.
Highlights from the reductions include a 2-year fixed rate up to 90% LTV at 5.41%, without a product fee – available for first time buyers and comes with £500 cashback, and a 5-year fixed rate up to 75% LTV at 4.72%, with a £1,999 product fee – available for buy to let remortgage.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re reducing rates at higher-loan-to-values with a focus on supporting home movers as well as first time buyers and the brokers who help them.
“Most of our first-time buyer rates also come with cashback, which can give a helpful boost towards moving costs.
“These cuts, alongside reductions across our whole buy to let range, reflect our commitment to brokers and to providing greater options for borrowers.
“With Stamp Duty changes on the horizon, we want buyers and brokers to know we are here to support them in an ever-busy market.”
