Coventry for Intermediaries has cut rates across its range by up to 16 basis points.

The lender has made a number of reductions on its owner-occupier deals, with the exception of those at 95 per cent LTV

Among the biggest rate cuts, Coventry has reduced its three-year fixed at 85 per cent LTV from 1.85 per cent to 1.69 per cent with a £999 fee.

It has also cut its two-year fixed at 90 per cent LTV from 2.25 per cent to 2.09 per cent, with no fees.

Other significant reductions include its two-year fixed at 50 per cent LTV, which has come down from 1.69 per cent to 1.55 per cent with no fees.

Its five-year fixed rate at 85 per cent LTV has come down from 1.89 per cent to 1.75  per cent with a £999 fee.

The lender has also reduced rates across its entire Flexx for Term range by 10 basis points.

Coventry Building Society director of mortgage distribution Kevin Purvey says: “Our owner-occupied mortgages are now even more competitive. “These products offer a range of LTVs, fee-free options and include a valuation of up to £670. 

“They’re ideal for clients looking to purchase a new home, as well as those looking to remortgage to a better deal.

“Plus, we’ve reduced rates on our variable Flexx for Term products which offer competitive rates and no early repayment charges.”