Coventry for Intermediaries has cut selected rates across many of its owner occupier and BTL products.
Residential rates have been reduced by up to 12bps, while BTL rates have been reduced by up to 10bps.
A number of these products are specifically aimed at supporting first time buyers and come with £500 cashback.
• 5.24% two-year fixed rate to 30.11.28. 90% LTV. No fee — available for first time buyers, and comes with £500 cashback
• 5.35% five-year fixed rate to 30.11.2031, 95% LTV, no fee — available for first time buyers, and comes with £500 cashback
Jonathon Stinton, head of intermediary relationships at Coventry Building Society (pictured above), said: “These reductions bring yet more competitive options to brokers, especially those with clients looking to buy their first home.
“The reduced rates on high LTV products, along with the cashback, offers much-needed extra support to those trying to get a foothold on the property ladder.”
