Coventry Building Society has reduced rates across its two-, three-, and five-year fixed residential products.

At 75 per cent LTV, highlight cuts include the two-year fix with £999 product fee having 0.24 per cent chopped – taking it from 1.89 per cent to 1.65 per cent and the two-year fix with zero fee going from 2.35 per cent to 2.09 per cent – a 0.26 per cent fall.

The three-year fix with £999 fee has been cut from 2.05 per cent to 1.79 per cent, and the five-year fix with zero fee from 2.45 per cent to 2.19 per cent.

At 65 per cent LTV, meanwhile, seleted two-, three-, and five-year fixes shed 0.20 per cent which, among others, leaves the two-year fix with £999 fee at 1.29 per cent, the three-year fix with £999 fee at 1.59 per cent, and the five-year fix with zero fee at 1.99 per cent.

Coventry head of intermediary relationships Jonathan Stinton says: “We’ve just had a busy couple of days with our very popular 90 per cent LTV products but there’s no need for us to take our foot off the pedal. Our service levels are still in a comfortable position and we can continue to enhance our residential product range.

“The purchase market is really buoyant at the moment but we want to support other clients too – particularly those looking for remortgage or product transfer options. These new rates across a number of products should improve the options available to brokers looking to move their clients on to more suitable mortgage deals.”