Coventry for Intermediaries launches 90% LTV mortgages for two days

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The two five-year fixed rate mortgages are available to all residential clients, not just first-time buyers.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said:We’re continuing to support the market with this short-term launch and this will help to meet the significant demand for high LTV products from not only first-time buyers, but next time buyers and remortgagers.

“We’re well known for the consistently high level of service we provide and we are well prepared for the high level of interest in these products.”

Despite the preparation Coventry said it was expecting to be ‘really busy’ over this two day period and therefore it has urged brokers to check its website for criteria to ensure the application process runs smoothly.

Stinton added: “Remember that an AIP doesn’t secure a closing product. To secure a closing product a full application must be submitted to us by 8pm on Thursday 15 October.”

The product details are as follows:

3.45% Fixed to 31.12.25, £999 product fee, RMTS included, ERCs apply*

3.65% Fixed to 31.12.25, £0 product fee, RMTS included, ERCs apply*

*A physical valuation will be required