Coventry for intermediaries has lowered the majority of its fixed rates, with residential rates reducing by up to 37bps.

Two, three and five-year fixed rate options are all available.

Rates at 90-95% have been reduced with a view to help first-time buyers, with selected products offering £500 cashback.

Deals include the following:

• 4.64% five-year fixed rate until 30/06/29, 90% LTV, no product fee and £500 cashback – available for first time buyers
• 4.42% two-year fixed rate until 30/06/26, 75% LTV with a £999 product fee – available for residential remortgage, with the option of £350 cashback of use of the 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 two, three and five-year deals to give brokers the options they need to help their clients.”