Coventry for Intermediaries has cut all of its five-year fixed rate loans at 90% to 95% loan to value, and launched two- and three-year fixed rates across the same LTV range.
The mutual’s broker-only arm adds that a number of these products are specifically aimed at first-time buyers and come with £500 cashback.
Highlights include:
- A 5.50% two-year fixed-rate offer to 30 June 2025, at 90% LTV, with no product fee and £500 cashback. Available for FTBs only
- A 4.81% five-year fixed-rate deal to 30 June 2028, at 90% LTV, with a £999 product fee, down by 35 basis points. Available for purchase — including FTBs — and remortgage
The lender adds that its tracker products across all LTVs are being “repriced relative to the market”.
Coventry Building Society head of intermediary relationships Jonathan Stinton says: “We’ve enhanced our higher LTV products with a particular focus on supporting FTBs.
“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% to 95% range.”