Coventry for Intermediaries has this morning launched two 90 per cent loan-to-value deals which will be available until 8pm tomorrow.

The lender announced it would be launching the time-limited deals yesterday, but did not reveal the rates.

At 8am this morning it began accepting applications for the new five-year fixes, which it priced at  3.19 per cent with a £999 fee or or 3.39 per cent without.

While the addition of another high-LTV lender has been welcomed, albeit a temporary move, brokers may be disappointed at the rates which are higher than others already on the market.

HSBC’s rates start from 2.24 per cent for a two-year fix with a £999 fee 2.54 per cent without.

Its five-year fix is 2.59 per cent with a £999 fee or 2.79 per cent without.

Accord was offering a two-year fix at 2.99 per cent with no fee, but was forced to temporarily suspend lending on July 6 due to huge demand.

Nationwide Building Society has also announced plans to return to the 90 per cent LTV tier for first-time buyers on Monday July 20, but has yet to reveal its rates.