Coventry for Intermediaries has reduced the majority of fixed rates.

Residential rates have been cut by up to 45bps and buy-to-let rates by up to 20bps.

Two, three and five-year fixed rate options are available for residential applications.

Deals include:

• 4.92% five-year fixed rate to 30.04.2029, 65% LTV with a £999 product fee, available for residential purchase
• 5.40% five-year fixed rate to 30.04.2029, 75% LTV with a £1999 product fee, available for buy-to-let purchase and remortgage.

Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “It’s encouraging to see that rates are continuing on the downward trajectory, and sub-5% deals are back on the table.

“Fixed rates remain to be popular, so we’re supporting our broker partners with reductions on selected two, three and five-year fixed rate deals, giving them the options they need to help their clients.”