Coventry for intermediaries has reduced rates across a range of owner-occupier and buy-to-let mortgage products, with the new deals available from today.
Residential rates have been cut by up to 12bps, while buy-to-let mortgage rates have come down by up to 10bps. Several of the revised products are aimed specifically at first-time buyers and include £500 cashback.
The highlights among the new deals are:
A 5.24% two-year fixed rate to 30 November 2028, at 90% LTV, with no fee, available to first-time buyers with £500 cashback
A 5.35% five-year fixed rate to 30 November 2031, at 95% LTV, with no fee, available to first-time buyers with £500 cashback
"These reductions bring yet more competitive options to brokers, especially those with clients looking to buy their first home," said Jonathan Stinton, head of intermediary relationships at Coventry Building Society. "The reduced rates on high LTV products, along with the cashback, offer much-needed extra support to those trying to get a foothold on the property ladder."
