Coventry for intermediaries has cut selected fixed mortgage rates, with residential rates at 90-95% loan-to-value (LTV) reducing by up to 14 basis points (bps).

A number of these products are specifically aimed at supporting first-time buyers and come with £500 cashback.

Buy-to-let rates across the board are also reducing by up to 11bps.

• Deals include:
  ​
  5.41% two-year fixed rate until 31/08/27, 90% LTV, without a product fee – available for first time buyers and comes with £500 cashback
• 4.72% five-year fixed rate until 31/08/30, 75% TV, with a £1,999 product fee – available for buy-to-let remortgage

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re reducing rates at higher-loan-to-values with a focus on supporting home movers as well as first-time buyers and the brokers who help them.

“Most of our first-time buyer rates also come with cashback, which can give a helpful boost towards moving costs.

“These cuts, alongside reductions across our whole buy-to-let range, reflect our commitment to brokers and to providing greater options for borrowers.

“With Stamp Duty changes on the horizon, we want buyers and brokers to know we are here to support them in an ever-busy market.”