The Coventry reduces resi and BTL mortgage rates

The lender's changes include options for both new and existing customers.

Highlights include a 3.95% 2-year fixed rate at 65% LTV with £999 fee, available for residential product transfers, and a 4.06% 2-year fixed rate at 65% LTV with £999 fee which is available for residential remortgage with option to have £350 cashback or use the Remortgage Transfer Service.

Paul Purewal, corporate relationship manager at Coventry Building Society, said: 

“The market’s showing some gentle signs of improvement, and that’s creating space for brokers to have valuable conversations with their clients. We’ve lowered rates across our residential and buy to let ranges to help support those moments and make sure brokers have strong options to offer.”