Coventry for intermediaries has added a new residential product transfer range for existing borrowers.

The range has been specifically designed for clients who are looking to change product or take out further borrowing.

Included in the offering are 2-year fixed products up to 85% LTV and 5-year fixes up to 75 per cent LTV.

There are also arrangements with no product fees.

The lender has also made its 90 per LTV residential range available to more to all new borrower types.

The new product transfer range includes:

• 1.45% 2 Year Fixed to 30.06.23 with ERCs until 30.06.23. 50% LTV, no product fee. (Available for product transfer and further advances)

• 1.19% 2 Year Fixed to 30.06.23 with ERCs until 30.06.23. 65% LTV, £999 product fee. (Available for product transfer and further advances)

Coventry Building Society head of intermediary relationships Jonathan Stinton says: “A large slice of the market is still made up of clients who aren’t looking to move lender. This product transfer range gives brokers more options for their existing Coventry clients who are coming to the end of their existing mortgage deals and are looking for a straightforward switch at a competitive rate.

“The demand for higher LTV products is strong with remortgagers and home movers as well as first time buyers. We’re pleased to be able to extend our offering at 90 per cent LTV to increase the options available to these customers.”