Coventry cuts residential and buy-to-let rates by up to 0.20%

Coventry for intermediaries has announced rate reductions across its mortgage ranges.

Residential rates have been reduced by up to 20bps and buy-to-let rates are down by up to 13bps.

In the Society's residential range, a two-year fixed rate at 90% LTV has reduced to 5.15%, available for first-time buyers with £500 cashback.

A five-year fixed rate at 75% LTV has decreased to 4.60% with a £999 fee, available for residential purchase.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Continuing rate reductions gives brokers more opportunities to re-engage clients who may have been holding off making a move.

"The market remains highly competitive and even relatively small pricing changes can help improve monthly costs or make certain options more attractive for borrowers.”