Coventry for intermediaries has cut residential and landlord fixed-rate deals by up to 26 basis points, while LendInvest has reduced five and seven-year buy-to-let loan prices by 10bps.

The broker-only arm of Coventry Building Society says residential fixes are up to 26bps lower and landlord rates are down by up to 25bps.

Highlights include:

• Two-year fixes until 30 June 2027 at 65% loan to value at 4.59%, without a product fee – for residential purchase
• Five-year fixes until 30 June 2030, at 75% LTV, at 4.67%, without a product fee – for existing BTL customers

Coventry Building Society head of intermediary relationships Jonathan Stinton says: “Even though we’re getting to the end of the year interest from borrowers remains busy.

“New and existing borrowers are keen to plan ahead, so we want to support brokers by offering products which will help their clients get into the best position for 2025.”

Meanwhile, LendInvest points out that initial rates on five-year fixes at 75% LTV will start from 4.79% for standard properties, 4.89% for small houses in multiple occupation, up to six bedrooms and 4.94% for small multi-unit freehold blocks up to six units.

The platform says that the 10bps reduction applies to its range of five-year fixes, including expat BTLs, bridge-to-let, houses in multiple occupation up to 15 bedrooms, multi-unit freehold blocks up to 10 units and holiday lets.

The cut also covers seven-year fixes, along with added incentives such as cashback of up to £350.

The firm has also expanded the criteria on its expat BTL range, and will now lend to retired customers, while self-employed expats will now be considered for funding provided their income is earned in the UK.

It points out that previously expat borrowers would require £50,000 employment income to qualify for a BTL product, but now the income is per application rather than the applicant.

LendInvest commercial director Sophie Mitchell-Charman adds: “With this rate reduction of 10bps on our five- and seven-year fixed BTLs, brokers can empower and unlock their clients’ potential, whether they are portfolio landlords, limited companies, or first-time landlords.

“We always take on feedback from our brokers and their clients, and that’s why we’re excited to expand on our expat BTL range which enables British citizens living overseas to continue to grow their property portfolios, even into retirement.”