Coventry for Intermediaries has launched a number of 95 per cent LTV fixed rate mortgage products.

The offerings include a 95 per cent LTV five-year fix at 2.95 per cent, and a 95 per cent LTV five-year fix at 3.18 per cent.

The former deal includes a £499 fee, while the latter product has £500 cashback.

Both offerings have ERCs throughout the term, free standard valuations up to £670 and a maximum loan size of £400,000.

Coventry Building Society director of intermediaries Kevin Purvey says: “Demand for higher LTVs has been steadily increasing, not only from first-time buyers, but also from homeowners looking to take another step up the property ladder to something more substantial.

“We feel now is the right time to better support the higher LTV market and help even more people to find their ideal home.”