Coventry for intermediaries has reduced selected rates, with residential rates lowered by up to 29bps.

Two, three and five-year fixed rate options and trackers at 50-80% are all reduced.

Selected buy-to-let and portfolio buy-to-let products have also being reduced by up to 25bps.

New deals include:

• 5.53% two-year fixed rate until 28.02.2026, 65% LTV with a £999 product fee – available for residential purchase
• 5.22% five-year fixed rate until 28.02.2029, 65% LTV with a £999 product fee – available for residential remortgage – option of £350 cashback or Remortgage Transfer Service.

Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “Providing value to customers is a top priority for us, so we’re keeping a close eye on the market to pass on rate reductions wherever we can.

“Brokers need a broad range of options for their clients, so we’ve passed on reductions to our two, threee and five-year fixed rate deals as well as our trackers and selected buy-to-let products. These reductions, alongside our standout service, work together to make the process of sourcing and securing a deal as straightforward as possible.”