Coventry for intermediaries has reduced selected residential and buy-to-let (BTL) mortgage rates by up to 0.16%, with the new deals available from today, Wednesday 27th May.
The lender said reductions apply across products for both new and existing customers, including a number of deals aimed at supporting first-time buyers (FTBs).
Among the products launched is a 5-year fixed rate at 5.02% to 30th November 2031 at 90% loan-to-value (LTV) with no fee and £500 cashback available for first-time buyers.
Coventry for intermediaries has also introduced a 2-year fixed rate at 5.09% to 30th November 2028 at 85% LTV with no fee and £500 cashback for first-time buyers.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Brokers are telling us that many clients are focused on keeping monthly payments as manageable as possible, especially those looking to take their first step onto the ladder.
“By reducing rates on higher-LTV products, we’re aiming to provide extra support where it can make a difference.
“These changes are designed to give brokers more competitive options for borrowers who need them most.”