Coventry for intermediaries reduces residential rates

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

The rate cuts cover two, three and five-year fixed rates, with a number of products specifically aimed at supporting first-time buyers and offering £500 cashback.

Highlights include a five-year fixed rate at 90% LTV, down to 4.40%, and a two-year fix at 95% LTV, reduced to 4.83%. Both products come with no fee and £500 cashback.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Brokers are telling us that many clients are focused on keeping monthly payments as manageable as possible, especially those looking to take their first step onto the ladder. 

"By reducing rates on higher LTV products, we’re aiming to provide extra support where it can make a difference. These targeted changes are designed to give brokers more competitive options for borrowers who need them most.”