Coventry for intermediaries has cut selected residential rates, with reduced options available for new and existing customers.
Rates have reduced by up to 10bps across two, three and five-year fixed rates. A number of the products are specifically aimed at supporting first-time buyers and come with £500 cashback.
Highlights in Coventry's first-time buyer range include a two-year fix at 90% LTV, down to 4.44%, and a five-year fix at 95% LTV, reduced to 4.76%. Both products come with no fee and £500 cashback.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Brokers are telling us that affordability remains front of mind for their clients, especially first-time buyers - so we’re pleased to offer some targeted reductions on our higher LTV products.
"By focusing our changes on these options, we’re aiming to give brokers a bit more support for higher loan-to-value borrowers - where every improvement helps.”
