
Coventry for intermediaries boosts first-time buyer borrowing to 6.5x income
The enhanced borrowing multiple is available on residential purchases up to 95% loan-to-value (LTV), subject to the lender’s affordability assessment.

The enhanced borrowing multiple is available on residential purchases up to 95% loan-to-value (LTV), subject to the lender’s affordability assessment.

Rates have been reduced by up to 0.20%.

Residential rates have been reduced by up to 0.15% and buy-to-let rates have been reduced by up to 0.08%.

The reductions are part of wider changes across all its owner occupier, BTL and limited company ranges.

Coventry for intermediaries found searches for “renters rights act 2026” rose by 600% between 1st January and 1st May 2026.

Coventry for intermediaries has reduced selected residential and buy-to-let mortgage rates, with cuts of up to 0.20% available from today.

Residential rates have been cut by up to 0.12%, while BTL rates have dropped by up to 0.10%.

The lender said reductions apply across products for both new and existing customers, including a number of deals aimed at supporting first-time buyers (FTBs).

Coventry for intermediaries has reduced selected residential and buy-to-let mortgage rates by up to 12%, including new options for first-time buyers and limited company landlords.

The changes cover both 2- and 5-year fixed options, widening the choice for brokers working with landlords who use a company structure.

The new rates are available for new customers, with FTB products reduced by up to 0.11% and limited company BTL products down by up to 0.25%.

Offset fixed rates set to rise for existing residential borrowers from 26th March.
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