Coventry for intermediaries has cut its entire first-time buyer-only range at 90% to 95% loan to value.
The mutual’s broker-only arm adds that its three-year products, with a £999 fee, for product transfers and further advances fixed residential rates at 85% to 95% LTV, have also been lowered.
Its five-year, no fee, product transfers and further advances fixed rates at 90% to 95% LTV have also come down.
While its buy to let and portfolio landlord BTL fixed rates at 50% to 65% LTV have also been reduced.
The lender says highlights include:
Coventry for intermediaries intermediary operations manager Keith Williams says: “The steady demand for FTB properties is an encouraging sign as activity toward the lower end of the market should help create movement for others.
“Brokers looking to match mortgage products to meet the individual needs of borrowers need a broad range of options to choose from.
“We’ve reduced rates on a number of our products to make them more competitive and improve the choices available to brokers and their clients.”
