Coventry for Intermediaries has cut interest rates across its range of residential mortgages at 90% LTV.

It is offering two, three and five-year fixed rate products with no arrangement fees or booking fees.

New deals include:

• 2.85% (reduced from 3.15%) fixed rate until 31/12/17, 90% LTV, ERCs payable to 31/12/17 and no arrangement fee.
• 3.09% (reduced from 3.49%) fixed rate until 31/12/18, 90% LTV, ERCs payable to 31/12/18 and no arrangement fee.
• 3.55% (reduced from 3.65%) fixed rate until 31/12/20, 90% LTV, ERCs payable to 31/12/20 and no arrangement fee.

Darin Landon, distribution director, said: “We’re delighted to reduce interest rates across our range of fixed rate residential mortgages at 90% LTV, and offer an even better deal for your clients. We’ve also reduced rates on our Flexx for Term mortgages at 90% LTV, offering your clients looking for flexibility the option to make unlimited overpayments.

“In addition, with a valuation of up to £670 included for residential products and our Remortgage Transfer Service available for remortgagors, now is a great time to secure a highly competitive deal for your clients with a 10% deposit”.