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 available to them.”