Notable reductions include the 65% LTV 2-year fix cut from 1.29% to 1.19% and the 75% LTV 5-year fix cut from 1.55% to 1.45%.

Both products have early repayment charges (ERCs) for the duration of the terms, no product fees and they are available for purchase and remortgage.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Brokers and their clients have a wide range of products currently available to them, offering a variety of choices for both rates and product features that can match more closely with the needs of borrowers.

“Our residential mortgages are now even more competitive and will appeal to a broad range of borrowers, including those whose mortgage deals are due to end in the next couple of months.”