Coventry for Intermediaries and Accord Mortgages have both reduced rates across their buy-to-let ranges.

Coventry’s revised pricing includes a limited company BTL EPC five-year fixed rate at 5.29% for borrowers at 75% LTV, with no fee, reduced by 11bps.

The lender is also offering a buy-to-let purchase five-year fixed rate at 4.98% for borrowers at 75% LTV, with no fee, reduced by 8bps.

Jonathon Stinton, head of intermediary relationships at Coventry Building Society, said: “In a competitive market, these reductions will help give brokers and their BTL clients greater choice.

“And because we’re applying reductions to some of our limited company products, there are better options available to professional landlords too.”

Meanwhile, Accord Mortgages has also cut its rates by up to 0.08%.

Changes from the intermediary-only lender apply to all five-year fixes up to 75% loan-to-value (LTV).

The lender is also extending product end dates to 31 October.

There are no changes to two-or-three-year rates. The new rates will take effect from tomorrow and include:

A five-year fixed rate at 4.87% (was 4.95%) for house purchasers at 75% LTV, which comes with a £995 fee and standard valuation.

A five-year fixed rate at 4.90% (was 4.98%) for those remortgaging at 75% LTV, which comes with a £995 fee, standard valuation and remortgage legal service.

And a five-year fix at 4.71% (was 4.79%) for house purchasers at 60% LTV, with a £995 fee and standard valuation.

Jeremy Duncombe, managing director for Accord Mortgages, said: “We’re so pleased to take this opportunity to improve the competitiveness of our buy-to-let range, ensuring we continue to deliver exceptional value wherever possible to our brokers and their landlord clients.”