Coventry’s residential rates have been cut by up to 18bps, while select buy-to-let rates are down by up to 15bps.

Highlights of the reduced range include a five-year fix up to 75% LTV at 4.61% with no fees and available for residential remortgage, with the option of £350 cashback or use of the lender’s Remortgage Transfer Service.

Coventry Building Society head of intermediary relationships Jonathan Stinton says: “Markets have continued to be favourable and we aim to make it as easy as possible for our intermediary partners to source and secure a new deal for their clients.”