Coventry Building Society has introduced a number of rate reductions across its residential and buy-to-let (BTL) ranges, which will be effective from Thursday 5th October.
For new borrowers, the society will reduce all standard residential fixed rates excluding its 75% loan-to-value (LTV) products.
For existing borrowers, there will also be reductions across all standard 2-year fixed rates excluding 75% and 90% to 95% LTV.
Selected 3-year, 5-year and Offset Only rates will also be included.
The society is also set to reduce all fixed rates across its buy-to-let range for new borrowers.
Existing BTL borrowers will in turn benefit from reductions across all 2-year fixed rates excluding 50% LTV, and all 5-year fixed rates at 75% LTV.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “It has taken slightly longer than originally anticipated, but Coventry have repriced all of their fixed rates from tomorrow.
“Following the moves of HSBC, Nationwide Building Society, Bank of Ireland and Virgin in the past week, Coventry Building Society had slowly been slipping away from the top three lenders.”
