Coventry for Intermediaries has reduced all 5-year fixed rates at 90-95% loan-to-value (LTV) and launched 2- and 3-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.
Highlights include a 5.50% 2-year fix at 90% LTV, with no product fee and £500 cashback, this product is for first-time buyers only. Also available is a 4.81% 5-year fix at the same LTV but with a £999 product fee; this product is available for purchase 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.”
