Coventry for Intermediaries has reduced all owner-occupier fixed rates.

The lender’s two-, three- and five-year options have all been reduced, with some products lowered by up to 45 basis points. 

In addition, offset and interest only rates have been cut.

The 85% loan-to-value (LTV) fixed rate to 2025 with a product fee of £999 has been reduced by 45 basis points to 5.05%.

The 65% LTV fixed rate to 2028 with a product fee of £999 has been lowered by 30 basis points to 4.69%.

Coventry Building Society head of intermediary relationships Jonathan Stinton says: “Market conditions are improving, allowing us to pass on price reductions across a number of products.”

“This gives brokers a range of attractive options to discuss with their clients – including two-year, three-year, and five-year rates, as well as offset and interest-only products, which are all benefitting from a reduction.”