Coventry for intermediaries has reduced selected residential mortgage rates, making lower-priced products available to both new and existing borrowers.
Residential rates have been cut by up to 0.15% across 2-, 3- and 5-year fixed products.
Updated highlights within the range include a 4.53% 2-year fixed rate to 31st May 2028 at 90% loan-to-value (LTV) with no fee for first-time buyers, and a 4.77% 5-year fixed rate to 31st October 2031 at 95% LTV with a £999 fee for residential purchasers.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re pleased to be reducing residential rates, with some of the biggest cuts for higher loan-to-value borrowers – where every bit of support can make a real difference.
“Our product transfer rates are aligned with our cheapest new business rates too, so brokers can offer existing clients the same great value as anyone coming to us for the first time. It’s a great time for brokers to engage with clients and guide them to their next deal.”
