Coventry Building Society has cuts rates on two and five-year fixed rate mortgages.

Deals include:

2 Year Fixed:

• 2.59% (reduced from 2.75%) Fixed Rate until 31.12.16, 85% LTV, £800 arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.16.
• 3.39% (reduced from 3.65%) Fixed Rate until 31.12.16, 90% LTV, £300 arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.16.

5 Year Fixed:

• 3.69% (reduced from 3.79%) Fixed Rate until 31.12.19, 85% LTV, £800 arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.19.
• 4.35% (reduced from 4.49%) Fixed Rate until 31.12.19, 90% LTV, no arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.19.

Darin Landon, distribution director, said: “Hot on the heels of the Chancellor’s recent announcement on stamp duty there is more good news for homebuyers. We have cut rates on selected two and five-year fixed rates at 85% and 90% LTV with great rates starting from just 2.59%.

“And as booking fees are no longer payable on any of our products, we have fee free options with no arrangement fees payable either; ideal for those looking to keep their costs low. And don’t forget, all residential products include a valuation up to £670 and access to our remortgage transfer service.”