Coventry for intermediaries will cut selected new business residential and landlord fixes, while pulling other products.  

The lender says it will withdraw relevant offers at 8pm on 16 August, before launching new deals at 8am on 17 August.  

In a note to brokers, sent yesterday evening, the firm says the move is in line with its commitment to give intermediaries two days’ notice before products are closed.  

Highlights of the changes include:  

Residential — new business  

• Withdrawing three-year fixed new business rates at 90% to 95% loan to value  
• Reducing all fixed new business rates at 65% to 80% LTV, excluding offset deals  

Buy to Let — new business  

• Reducing five-year fixed 65% LTV buy-to-let/portfolio landlord BTL new business rates  

The lender says: “An agreement in principle does not secure a closing product. If an agreement in principle refers, we can’t guarantee we’ll be able to review it before the product is closed.  

“So, if your agreement in principle does refer, you should copy the case and click through to the full mortgage application to secure the product.”   

It adds that applications received after 8pm on 16 August will not be accepted.