Coventry for intermediaries has reduced selected fixed-rate deals for new applications, with some residential rates reducing by up to 27bps.

Two, three and five-year fixed rate options at 65–80% loan to value all benefit from a reduction.

Selected Buy to Let rates at 65% loan to value are also being reduced.

Product highlights include:

A 5.45% five-year fixed rate to end of February 2029, 80% LTV with a £999 product fee – available for residential purchase, including first time buyers.

A 5.34% five-year fixed rate to end of February 2029, 65% LTV with a £999 product fee – available for residential remortgage – option of £350 cashback or remortgage transfer service

Coventry Building Society head of intermediary relationships Jonathan Stinton comments: “There’s £127bn worth of mortgages set to mature before the end of the year – that means a lot of people will be on the lookout for a new deal over the coming months.

“We want to support our intermediary partners with competitive rates and standout service to make the process of sourcing and securing a new deal as straightforward as possible.”