Low deposit fixed rate mortgages are launched by Coventry Intermediaries.

A week ago saw NatWest launch new fixed rate mortgage deals for smaller deposit borrowers, and this week Coventry Intermediaries has followed suit by improving its range with the addition of new lower deposit deals.

What a difference a year has made to smaller deposit buyers. Before the launch of the Funding for Lending scheme there was a mortgage drought at the low deposit end of the market.

Buyers found few products on offer, however things are now improving. Finally first time buyers and existing home-owners with small deposits are getting a look in. Rates are falling in this sector of the market and now affordable mortgages are more readily available.

New lower deposit 2 and 5 year fixes are on offer.

For 90% LTV various new 2 and 5 year fixed rate mortgages have been launched by the intermediary lender. For a full product review and a low rate Coventry mortgage quote you need to speak to an adviser on 0800 048 8828.

In addition to the launch of new lower deposit deals, Coventry Intermediaries' mortgage rates have also been cut range wide, with rates now starting as low as 2.45%.

Product highlights include:

• A 2 year fixed rate mortgage for 65% LTV at 2.45%.
• A 2 year fixed rate mortgage for 85% LTV at 3.35%.
• A 5 year fixed rate mortgage for 90% LTV at 4.85%.
• A 5 year fixed rate offset mortgage deal for 90% LTV at 4.75%.

As well as low rates and low deposits the fees charged are low too, and in addition all products come with a property valuation worth up to £670. Existing home-owners looking to remortgage have the added benefit of access to the Coventry's remortgage transfer service.

For a full product review and comparison against deals in the wider market call Deal Direct on 0800 048 8828.

By speaking to one of advisers you can ensure that you get the most competitive mortgage for your deposit level.

Call 0800 048 8828 today.