Coventry for Intermediaries has reduced all owner-occupier fixed rates, making it three consecutive weeks where the lender has lowered selected products.
2-year, 3-year and 5-year options have all reduced, with some products lowered by up to 45bps.
Offset and interest only rates have also been cut.
Some highlights from these new reductions include a 5.05% fixed rate at 85% loan-to-value (LTV) with £999 product fee (45bps reduction), as well as a 4.69% fixed rate at 65% LTV with £999 product fee (30bps reduction).
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Market conditions are improving, allowing us to pass on price reductions across a number of products.
“This gives brokers a range of attractive options to discuss with their clients – including 2-year, 3-year, and 5-year rates, as well as offset and interest-only products, which are all benefitting from a reduction.”
