Coventry reduces resi rates by up to 29bps

Coventry for intermediaries has reduced selected rates across its residential range by up to 29bps.

The lender’s two-, three- and five-year fixed rate options and trackers between 50% and 80% loan-to-value (LTV) have all been cut.

In addition, selected buy-to-let (BTL) and portfolio Buy to Let products have also been reduced by up to 25bps.

Highlights include a two-year fixed rate at 5.53% at 65% LTV with a £999 product fee, which is available for residential purchase up until 28 February 2026.

Meanwhile, its five-year fixed rate deal is available at 5.22% at 65% LTV.

The five-year deal– available for residential remortgage – comes with a £999 product fee and option of £350 cashback or Remortgage Transfer Service up until 28 February 2029.

Coventry Building Society’s head of intermediary relationships Jonathan Stinton says: “Providing value to customers is a top priority for us, so we’re keeping a close eye on the market to pass on rate reductions wherever we can.

“Brokers need a broad range of options for their clients, so we’ve passed on reductions to our two-, three- and five-year fixed rate deals as well as our trackers and selected buy-to-let products.

“These reductions, alongside our standout service, work together to make the process of sourcing and securing a deal as straightforward as possible.”