Coventry for intermediaries has reduced selected fixed rates, with residential rates reducing by up to 0.19% and buy-to-let rates reducing by up to 0.45%.
Rates at 90% to 95% have been reduced with a view to help first-time buyers, with selected products offering cashback.
Highlights include: a 5.43% 2-year fixed rate up to 90% loan-to-value (LTV), without a product fee – available for first-time buyers with £500 cashback, and a 5.15% 2-year fixed rate up to 90% LTV, with £999 product fee – available for residential purchase.
In addition, a 4.52% 5-year fixed rate up to 75% LTV with £1,999 product fee – available for buy-to-let remortgage, with the option of £350 cashback or use of the society’s Remortgage Transfer Service, will also be available.
Ben Williams, corporate account manager at Coventry Building Society, said: “Many of our rates are reducing, with some of our reductions going to options most suited for first-time buyers.
“As well as competitive rates, many of these deals also come with cashback which could be handy to help new buyers with moving costs.”
