Coventry for intermediaries expands 90% product offering

Published on

Coventry for intermediaries has introduced new two and three-year fixed rate products at 90% loan to value (LTV).

These new products will join the five-year fixed rate options already available at this LTV bracket.

The lender says that a number of these products are specifically aimed at supporting first-time buyers and come with £500 cashback.

Meanwhile, selected residential rates have also been reduced by up to 16 bps.

New deals include:

  • 5.95% Three-year fixed rate to 30/04/27, 90% LTV, no product fee and £500 cashback – available for first-time buyers
  • 4.85% Five-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 two, three and five-years means people looking to get on the ladder will have more choices available to them.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

NatWest improves international property buyers’ mortgage accessibility

UK mortgage brokers can now access NatWest International via the NatWest Broker Portal. This move...

Aspen Bridging promotes senior quartet

Aspen Bridging has made four key strategic senior promotions. The appointments have been made to...

Pluto Finance hires Wales lending director

Pluto Finance has appointed Stephen Ryan as lending director for Wales, strengthening its commitment...

Simplify recruits 82 trainee conveyancers in National Conveyancing Week initiative

Simplify has announced the recruitment of 82 trainee conveyancers as part of its newly...

Other news

NatWest improves international property buyers’ mortgage accessibility

UK mortgage brokers can now access NatWest International via the NatWest Broker Portal. This move...

Aspen Bridging promotes senior quartet

Aspen Bridging has made four key strategic senior promotions. The appointments have been made to...

Pluto Finance hires Wales lending director

Pluto Finance has appointed Stephen Ryan as lending director for Wales, strengthening its commitment...