Coventry for intermediaries has reduced the majority of fixed rates, with residential rates reducing by up to 0.37%.
In addition, rates at 90% to 95% loan-to-value (LTV) have been reduced with a view to help first-time buyers, with selected products offering £500 cashback.
Highlights from these new reductions include a 5-year 90% LTV fixed rate available for first-time buyers at 4.64%, with no product fee and £500 cashback.
In addition, the lender is also offering a 2-year 75% LTV fixed rate available for residential remortgage at 4.42%, with a £999 product fee and the option of £350 cashback with the use of Coventry’s Remortgage Transfer Service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Providing value to customers is a top priority for us, so we’re keeping a close eye on the market to pass on rate reductions wherever we can.
“Fixed rates remain to be popular, so we’ve reduced all of our standard 2-, 3- and 5-year deals to give brokers the options they need to help their clients.”
