Coventry Intermediaries has launched new low rates on fixed rate and Flexx for Term options and a five-year fixed rate for first-time buyer members.

The rates are on a number of residential and buy-to-let products.

Rates start from 1.89% and there is a selection of fee structures and LTVs.

Details include:

Residential

• 3.09% Fixed Rate until 30.06.16, 85% LTV £199 booking fee, £800 arrangement fee and early repayment charges (ERCs) payable to 30.06.16.
• 3.14% Fixed Rate until 30.06.19, 65% LTV £199 booking fee, £800 arrangement fee and ERCs payable to 30.06.19.
• 4.69% Fixed Rate members FTB only until 30.06.19, 90% LTV, £199 booking fee, no arrangement fee, £500 IKEA vouchers and early repayment charges (ERCs) payable to 30.06.19.

Buy-to-let

• 4.79% Fixed Rate until 30.04.19, 75% LTV £250 booking fee, £999 arrangement fee and ERCs payable to 30.04.19.
• 3.45% Flexx for Term, 65% LTV £250 booking fee, £749 arrangement fee and no ERCs.

Colin Franklin, managing director of Godiva Mortgages, said: ”Our range has just got even better. We have Bank of England Base Rate Trackers starting from 1.89%, fixed rates from 2.09% and Flexx for Term options from just 2.25%.

“And we have also launched a highly competitive first time buyer option for our members with a five year fixed rate of 4.69% with no arrangement fee and £500 IKEA gift vouchers. With something for everyone in our competitive new range, its business as usual here at the Coventry.”