Coventry for intermediaries has cut selected fixed rates, with residential rates reducing by up to 19bps and buy to let rates reducing by up to 45bps.

Rates at 90-95% have been reduced with a view to help first time buyers, with selected products offering cashback.

Highlights include a 5.43% two-year fixed rate until end of February 2027, 90% LTV, without a product fee – available for first time buyers and comes with £500 cashback

A 5.15% two-year fixed rate until end of February 2027, 90% LTV, with £999 product fee – available for residential purchase.

A 4.52% five-year fixed rate until end of February 2030, 75% LTV, with £1,999 product fee – available for buy to let remortgage, with the option of £350 cashback or use of Coventry’s remortgage transfer service

Commenting on the changes Coventry Building Society corporate account manager Ben Williams said: “Many of our rates are reducing, with some of our reductions going to options most suited for first time buyers. As well as competitive rates, many of these deals also come with cashback which could be handy to help new buyers with moving costs.”