Coventry for intermediaries has announced rate reductions of up to 10 basis points across its residential and buy-to-let product ranges.

The updated pricing includes a 2-year fixed residential product at 3.95% until 31 December 2027, available at up to 65% loan-to-value with a £999 fee.

This option is specifically for product transfers, aimed at supporting existing customers looking to refinance within the lender’s portfolio.

For remortgage customers, a similar 2-year fixed deal is now available at 4.06%, also to 31 December 2027 and at 65% LTV, with a £999 fee.

Borrowers choosing this route can either receive £350 cashback or take advantage of Coventry’s Remortgage Transfer Service, providing added flexibility at a time of ongoing market caution.

Paul Purewal, corporate relationship manager at Coventry Building Society, said: “The market’s showing some gentle signs of improvement, and that’s creating space for brokers to have valuable conversations with their clients.

“We’ve lowered rates across our residential and buy-to-let ranges to help support those moments and make sure brokers have strong options to offer.”