Coventry for intermediaries has reduced its complete FTB Only range at 90-95% LTV.

In addition, its three-year £999 fee PT and FA fixed residential rates at 85-95% LTV have also been lowered.

Meanwhile, the five-year no fee PT and FA fixed rates at 90-95% LTV have also seen a reduction.

For buy-to-let and PL buy-to-let clients, fixed rates at 50-65% LTV have all been reduced.

Keith Williams, intermediary operations manager at Coventry for intermediaries, said: “The steady demand for first time buyer properties is an encouraging sign as activity toward the lower end of the market should help create movement for others.

“Brokers looking to match mortgage products to meet the individual needs of borrowers need a broad range of options to choose from. We’ve reduced rates on a number of our products to make them more competitive and improve the choices available to brokers and their clients.”