Coventry for Intermediaries has cut rates across a number of its residential mortgages, including those at the higher LTV end.

Reductions of up to 40 basis points have taken place on products in the 85% LTV to 90% LTV range and of up to 50 basis points on mortgages in the 50% LTV to 75% LTV range.

Highlights include the 90% LTV two-year fix, which has been reduced from 2.79% to 2.45% and the 85% LTV two-year fix, which has been cut from 2.45% to 2.05%.

The former product is available for purchase, remortgage, further advance and product transfer and the 85% LTV product is available for product transfer and further advance only.

Meanwhile, the most significant change in the 75% LTV category is the five-year fix, which has been reduced from 1.95% to 1.45%. This offering is for product transfer and further advance only, too.

At 50% LTV, the five-year fix available for purchase and remortgage has been reduced from 1.65% to 1.29%.

Coventry head of intermediary relationships Jonathan Stinton comments: “Our high LTV residential mortgages are now even more competitive, which is great news for brokers and their clients with smaller deposits.

“And those with a lower LTV have plenty of competitive options too. With a particularly large number of mortgage deals due to end in the next couple of months, now’s the time for brokers to get in touch with their clients and help them to find the right mortgage for their needs”.