Coventry for intermediaries has reduced selected residential and buy-to-let mortgage rates for new and existing borrowers.

Residential rates have been cut by up to 15 basis points, while selected buy-to-let products have received reductions of up to eight basis points.

The revised range includes options for first-time buyers, existing customers and limited company landlords.

New rates are available from today.

PRODUCT HIGHLIGHTS

The lender is offering a 2-year fixed residential mortgage at 4.98% up to 90% loan-to-value, fixed until 31 December 2028.

The first-time buyer product carries a £999 fee and comes with £500 cashback.

Coventry has also launched a fee-free 5-year fixed rate of 5.41% at 75% LTV for limited company buy-to-let remortgages.

That product is available on properties with an Energy Performance Certificate rating between A and C and is fixed until 31 December 2031.

“Brokers are looking for competitive options.”

Jonathan Stinton (main picture, inset), head of intermediary relationships at Coventry Building Society, said: “We know brokers are looking for competitive options that deliver value for their clients, so we’re pleased to be reducing rates across both our residential and buy-to-let ranges.

“These latest changes provide advisers with even more choice to support a wide range of borrowing needs, whether that’s helping a first-time buyer onto the property ladder or supporting landlords with their investment plans.”