Coventry launches sub-4% two-year fix in latest round of cuts

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

Residential, buy-to-let, and the newly launched limited company buy-to-let rates are all benefitting from a reduction.

As a result, the lender is now offering a 3.96% two-year fixed rate at 65% LTV in its residential range.

In its buy-to-let remortgage range, a five-year fix at 65% LTV has reduced to 4.29% with a £1,999 fee with the option of £350 cashback or use of the Society's remortgage transfer service.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re starting to see more rates dip below 4%, which is a positive sign for homebuyers and a welcome shift for brokers supporting them.

"In line with favourable swap moves, we’ve reduced rates across our residential, buy-to-let and limited company buy-to-let ranges to help brokers offer competitive options in a gradually improving market.”