Coventry cuts residential rates by up to 0.15%

Coventry for intermediaries has reduced selected residential rates, with reduced options available for new and existing customers.

Two, three and five-year fixed residential rates will reduce by up to 15bps.

Highlights include a two-year fixed rate product at 90% LTV, available at 4.53% with no fee for first-time buyers.

A five-year fix at 95% LTV has reduced to 4.77% for residential purchase and comes with a £999 fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re pleased to be reducing residential rates, with some of the biggest cuts for higher loan-to-value borrowers – where every bit of support can make a real difference.

“Our product transfer rates are aligned with our cheapest new business rates too, so brokers can offer existing clients the same great value as anyone coming to us for the first time. It’s a great time for brokers to engage with clients and guide them to their next deal.”