Coventry for Intermediaries has announced rate reductions across its two-year fixed owner-occupier mortgage ranges by up to 0.20 percentage points.

New deals include the following:

• 1.35% (was 1.55%) two-year fixed until 30.09.21, 50% LTV, ERCs payable until 30/09/21 and a £999 product fee
• 1.69% (was 1.89%) two-year fixed until 30.09.21, 50% LTV, ERCs payable until 30/09/21 no product fee

The lender has also reduced rates on its three and five-year fixed owner-occupier ranges and fixed standard buy-to-let products.

Kevin Purvey, director of intermediaries, said: “Our two, three and five-year fixed owner-occupier ranges are now even more competitive. The next few months will see a lot of borrowers’ current mortgage deals coming to an end, so these products are ideal for those looking to secure their remortgage deal as early as they can. And it’s good news for landlords too, as we’ve reduced fixed rates on standard buy-to-let products.”