Coventry for intermediaries has reduced selected fixed rate deals for new applications, with some residential rates reducing by up to 27bps.

Two, three and five-year fixed rate options at 65–80% loan to value are all reduced.

Selected buy-to-let rates at 65% loan to value are also being reduced.

Product highlights include:

5.45% five-year fixed rate to 28.02.2029, 80% LTV with a £999 product fee – available for residential purchase, including first-time buyers.

5.34% five-year fixed rate to 28.02.2029, 65% LTV with a £999 product fee – available for residential remortgage – option of £350 cashback or remortgage transfer service

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “There’s £127bn worth of mortgages set to mature before the end of the year – that means a lot of people will be on the lookout for a new deal over the coming months.

“We want to support our intermediary partners with competitive rates and standout service to make the process of sourcing and securing a new deal as straightforward as possible.”