Coventry for intermediaries has reduced all fixed rates, with lowered options available for new and existing customers.

Residential rates have reduced by up to 57bps and buy-to-let rates have reduced by to 39bps.

Two, three and five-year fixed rate products are available for residential applications, with options from 65% – 95% loan to value.

Deals now include:

• 4.61% two-year fixed rate to 30/06/26, 75% LTV with a £999 product fee – available for residential remortgage, with an option of £350 cashback or the use of the Remortgage Transfer Service
• 4.84% five-year fixed rate to 30/06/29, 90% LTV with a £999 product fee – available for residential purchase

Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “It’s been a positive start to the year with rate reductions across the board.

“It shows there are definite signs of recovery in the market, so new and existing borrowers can hopefully feel some renewed confidence for the year ahead.”