Coventry for intermediaries has cut selected residential and landlord fixed-rate loans for new and existing customers by up to 21 basis points.

The mutual says two-, three- and five-year fixes are available for residential applications, with options that range from 65% loan to value to 95% LTV.

Buy-to-let rates have been reduced by up to 15bps.

Highlights include:

• Two-year fixes to 31 January 2027, at 85% LTV at 5.34%, with £500 cashback – only available for first-time buyers
• Five-year fixes to 31 January 2030 at 65% LTV at 4.59% – available for residential remortgages 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: “We’ve reduced the majority of our fixed rates, further improving the choices we offer.

“It gives brokers a great opportunity to engage with their clients and advise them of the best options available.”