Coventry Building Society has cut mortgage product rates by up to 23 basis points and introduced new 50% LTV loans for both new and existing customers.

The headline rate change occurs on the 75% LTV two-year tracker, which charges a £999 product fee and is now set at 4.50%.

Meanwhile, the 85% LTV two-year fix with £999 product fee has been cut by 18 basis points, to 4.62%.

Within the 50% LTV range, for residential borrowers, Coventry is offering a five-year fix for residential purchase or remortgage with £999 product fee that comes with either £350 or a remortgage transfer service at 3.96%.

And for buy-to-let borrowers, the lender has priced its five-year fixed product transfer and further advance loan with £1,999 fee at 4.70%.

Coventry head of intermediary relationships Jonathan Stinton says: “This gives brokers a range of attractive options to discuss with their clients, making it a great time for brokers to re-engage with borrowers and help them find the best possible product.”

You can read Mortgage Strategy’s recent One to One interview with Stinton here.