Coventry for intermediaries has announced rate reductions across selected fixed mortgage products, offering brokers and their clients lower pricing on both residential and buy-to-let options, including its newly launched limited company buy-to-let range.

The latest changes apply to new and existing customers.

Among the headline products is a 2-year fixed rate at 3.96% until 31 October 2027 at 65% loan-to-value, with a £999 fee, aimed at residential purchasers.

In the buy-to-let space, Coventry is offering a 5-year fixed rate at 4.29% until 31 October 2030, also at 65% LTV with a £1,999 fee, for remortgage customers.

The deal includes a choice between a £350 cashback or the lender’s Remortgage Transfer Service.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re starting to see more rates dip below 4%, which is a positive sign for homebuyers and a welcome shift for brokers supporting them.

“In line with favourable swap moves, we’ve reduced rates across our residential, buy-to-let and limited company buy-to-let ranges to help brokers offer competitive options in a gradually improving market.”