Coventry for Intermediaries has cut rates on select standard residential, product transfer and offset mortgages by up to 20 basis point on products of 65% LTV and below.

Highlights of the residential range include a five-year fix for purchase only with ERCs reduced from 1.79% to 1.65%; a two-year fix with ERCs reduced from 1.19% to 1.09% for remortgage only; and a five-year fix for remortgage only cut from 1.85% to 1.75%.

Coventry Building Society head of intermediary relationships Jonathan Stinton says: “The next few months will see a lot of borrowers’ current mortgage deals coming to an end, so these products are ideal for those looking to secure their remortgage early”.

Last week the intermediary arm of the building society cut rates on a selection of it’s 95% LTV products by up to 10basis points.