Coventry for intermediaries has cut selected residential rates, with reduced options available for new and existing customers.

Residential rates will reduce by up to 15bps with 2-, 3- and 5-year fixed rates available.

Highlights include a 4.53% 2-year fixed rate to 31.05.2028; 90% LTV, no fee, available for first-time buyers and a 4.77% 5-year fixed rate to 31.10.2031, 95% LTV and £999 fee, available for residential purchase.

MAKING A DIFFERENCE

Jonathan Stinton (main picture, inset), head of intermediary relationships at Coventry Building Society, said: “We’re pleased to be reducing residential rates, with some of the biggest cuts for higher loan-to-value borrowers – where every bit of support can make a real difference.

“Our product transfer 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. It’s a great time for brokers to engage with clients and guide them to their next deal.”