Coventry for intermediaries expands 90% LTV residential product range and reduces selected rates

Coventry for intermediaries has launched 2 and 3 year fixed rate residential products at 90% LTV, to sit alongside the 5 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.

Highlights include:

5.95% 3 year Fixed Rate to 30.04.27, 90% LTV, no product fee and £500 cashback - available for First Time Buyers
4.85% 5 year Fixed Rate to 30.04.29, 65% LTV with a £999 product fee - available for residential purchase

Jonathan Stinton, Head of Intermediary Relationships at Coventry Building Society, said: “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 2, 3 and 5 years means people looking to get on the ladder will have more choices available to them.”