Notable reductions include the 65% loan-to-value (LTV) 5-year fix, cut from 1.79% to 1.65%, and the 65% LTV 2-year fix, reduced from 1.19% to 1.09%.

Both deals include a £999 fee and early repayment charges (ERCs) for the duration of the loan, with the former product available for purchase only and the latter for remortgage only.

The 65% LTV 5-year fix has also been cut, from 1.85% to 1.75%; this product has ERCs for the duration of the loan, no fees and is available for remortgage only.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “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.”