Coventry for intermediaries has cut rates across its fixed mortgage range, with reductions available to both new and existing borrowers.

The lender has reduced residential fixed rates by up to 42bps, while buy-to-let fixed rates have been cut by up to 15bps.

The latest repricing includes a number of products aimed at first-time buyers, including deals with cashback to help cover some of the upfront costs of buying a home.

Among the highlights is a two-year fixed rate at 4.69% until 31 December 2028, available up to 90% loan-to-value (LTV) with a £999 fee and £500 cashback for first-time buyers.

Coventry for intermediaries has also introduced a five-year fixed rate at 4.65% until 31 December 2031, available up to 90% LTV with a £499 fee and £500 cashback for first-time buyers.

Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “These latest reductions ensure we’re continuing to offer competitive options across a broad range of borrower needs.

“From first-time buyers through to existing homeowners and landlords, our focus remains on providing products that give brokers greater choice when supporting their clients.”