Coventry for intermediaries has announced rate cuts of up to 19 basis points, with reductions spanning its residential, buy-to-let, and limited company buy-to-let products.

The lower rates are available to both new and existing customers, covering purchases, remortgages, product transfers and further advances.

Among the updated products is a 2-year fixed rate at 3.88% until 29 February 2028, at 65% loan to value with a £999 fee, which is available for residential product transfers and further advances.

For limited company landlords, the lender is now offering a 5-year fixed rate at 5.24% to 28 February 2031 at 75% LTV with no fee, available on remortgage applications.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “It’s good to see rates continuing to slip further below 4%, creating more opportunities right across the board.

“We’ve made reductions across our residential, buy-to-let and limited company buy-to-let ranges giving brokers more options to work with.

“Our product transfers rates are aligned with our cheapest new business rates too, so brokers can offer existing clients the same great value as anyone coming to us for the first time.

“With many clients approaching the end of their current deals, there’s scope to engage with them early and help line up a deal which supports their next steps.”