Coventry for Intermediaries and Aldermore Bank have reduced rates on select mortgage products.

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 feesand 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.”

Meanwhile, Aldermore is introducing a new limited edition buy-to-let and residential owner-occupier mortgage range.

The buy-to-let series includes a five-year fix at 65% LTV with rates from 4.89% and a five-year fix at 75% LTV with rates from 4.99%.

Further new products in the range include a residential owner-occupier two-year fix from 5.79%  and a five year fix from 5.34%, both up to 80% LTV.

Aldermore director of mortgages Mark Gordon says: “We’re pleased to make these rate reductions for a wide range of borrowers, enabling as many people as possible to go for it in life and business.”