Coventry for intermediaries has reduced rates across its mortgage range, with new products launching today.

Residential rates have been cut by up to 25 basis points, while buy-to-let products have seen reductions of up to 10 basis points.

Among the highlights is a two-year fixed rate at 3.92% until 31 May 2028, available up to 65% loan to value (LTV) with a £999 fee for residential purchase.

For limited company landlords, a five-year fixed rate of 5.09% is available until 31 May 2031, up to 75% LTV with no fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “It’s encouraging to see rates continuing to ease across both residential and buy-to-let ranges.

“Lower pricing not only gives brokers more competitive options to present to clients but also helps rebuild confidence among borrowers who’ve been waiting for the right moment to act.”