Coventry for intermediaries has cut selected residential and buy to let rates.

Residential rates have been reduced by up to 15 bps and buy to let rates have been reduced by up to 8 bps.

There are reduced options for new and existing customers.

Highlights include:

A 4.98% two-year fixed rate to end of December 2028, 90% LTV, £999 fee – available for first time buyers, and comes with £500 cashback.

A 5.41% five-year fixed rate to end of December 2031, 75% LTV, no fee – available for limited company buy to let remortgages on properties with an EPC rating of A-C.

Commenting on the product offerings, Coventry Building Society head of intermediary relationships Jonathan Stinton said: “We know brokers are looking for competitive options that deliver value for their clients, so we’re pleased to be reducing rates across both our residential and buy to let ranges.

“These latest changes provide advisers with even more choice to support a wide range of borrowing needs, whether that’s helping a first-time buyer onto the property ladder or supporting landlords with their investment plans.”