Coventry Intermediaries has cut rates on selected residential and buy-to-let mortgages.

Its residential two-year fixed rate has been cut from 3.48% to 3.18%. It is available up to 65% LTV and comes with a £199 booking fee and £800 arrangement fee.

The five-year fix is now 3.89%, reduced from 3.99%. Again, it is available up to 65% LTV and comes with a £199 booking fee and £800 arrangement fee.

The Coventry’s two-year fixed rate buy-to-let product is now available at 3.99%, reduced from 4.25%. It is also available up to 65%. It has a £250 booking fee and £1,249 arrangement fee.

Colin Franklin , managing director of Godiva Mortgages, said: “Our new lower priced range offers real value for money. With a great range of Residential fixed rate deals starting from as low as 3.18%, borrowers can have the peace of mind of a fixed monthly repayment whilst enjoying a highly competitive low rate.

“Buy-to-let investors will not miss out either, as we have dropped our two-year fixed rate of 4.25% down to 3.99%. With a range of savings to be made on reduced fees, low rates and a valuation up to £700 included, we are confident that there is something for everyone at the Coventry.”