Coventry cuts residential and buy-to-let rates by up to 0.24%

Coventry for intermediaries has reduced selected fixed mortgage rates for both new and existing customers.

The Society has made several cuts to its mortgage rates this year, previously reducing selected fixed rates for both residential and buy-to-let applications last month.

As part of the latest round of reductions, residential rates have reduced by up to 24bps and selected buy-to-let rates by to 15bps.

Residential highlights include a two-year fixed rate at 90% LTV, down to 5.12% with no fee.

In the Society's buy-to-let range, a five-year fixed rate remortgage product is down to 4.65% at 75% LTV with a £1,999 fee, with the option to use Coventry's remortgage transfer service.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “With little in the Spring Statement to help homebuyers, we know many are looking for ways to make their mortgage more affordable. We’re pleased to be reducing rates from our residential and buy-to-let ranges, with some of the biggest cuts for higher loan-to-value borrowers – where every bit of support can make a real difference.”