Coventry for intermediaries has cut selected fixed rates, with reduced options available for new and existing customers.
Residential rates have reduced by up to 0.25% and selected buy-to-let rates have reduced by to 0.20%.
Highlights from the reductions include a 2-year fixed rate at 3.89%, up to 65% loan-to-value (LTV) with £999 fee – available for residential purchase, and a 5-year fixed rate at 4.45% up to 75% LTV with £1999 fee – available for buy to let remortgage with the option to use the Remortgage Transfer Service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Swap rates have fallen which has created room for more movement on mortgage pricing.
“We’ve reduced rates across our residential and buy-to-let ranges, with some of the biggest cuts going to 2-year fixes – reflecting growing demand for shorter-term flexibility in an uncertain market.
“It’s a step to support those making decisions in a shifting landscape.”
