Coventry for Intermediaries has announced cuts of up to 25bps to its residential and buy-to-let mortgage ranges, while West Brom Building Society is making reductions of up to 18bps.
Coventry is cutting residential rates by up to 25bps and buy-to-let rates by as much as 10bps.
For its residential mortgages, highlights include a two-year fixed rate at 65% LTV being reduced to 3.92% with a £999 fee.
On the buy-to-let side, the Coventry’s limited company five-year fixed rate at 75% LTV has been reduced to 5.09% with no fee.
Coventry Building Society head of intermediary relationships Jonathan Stinton said: “It’s encouraging to see rates continuing to ease across both residential and buy-to-let ranges.
“Lower pricing not only gives brokers more competitive options to present to clients but also helps rebuild confidence among borrowers who’ve been waiting for the right moment to act.”
Meanwhile West Brom Building Society has announced cuts of up to 18bps across its two- and three-year core mortgage range.
Highlights include a two-year fixed rate at 95% LTV with no fee, now 4.80%, and a two-year 90% LTV mortgage at 4.42%, also with no fee.
West Brom product manager John Philips said: “We are committed to providing products that are attractive and affordable. These latest reductions reflect our purpose to help people achieve a more secure future through home ownership.”
A slew of major price cuts by lenders moved the average mortgage rates on two, three and five-year fixed rates down by 3 basis points this week, according to Moneyfacts.
