Coventry for intermediaries has launched two and three-year fixed rate products at 90% LTV, to sit alongside the five- year fixed rate options already available at this LTV bracket.
A number of these products are specifically aimed at supporting first time buyers and come with £500 cashback.
Selected residential rates have also been reduced by up to 16 bps.
New deals include:
- 5.95% three-year fixed rate to 30 April 2027, 90% LTV, no product fee and £500 cashback – available for first time buyers
- 4.85% five-year fixed rate to 30 April 2029, 65% LTV with a £999 product fee – available for residential purchase
Coventry Building Society head of intermediary relationships Jonathan Stinton comments: “Following broker feedback, we’ve enhanced our higher loan to value product range with a particular focus on supporting first time buyers”.
“The security of fixed rates make them a popular option for many new borrowers, and having rates available for two, three and five years means people looking to get on the ladder will have more choices availa
