Coventry for intermediaries trims residential rates

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.”