This has included cuts of up to 0.15% across residential mortgages and up to 0.08% for BTL.
There is a two-year fixed deal at 90% loan to value (LTV) with a £999 fee and £500 cashback for first-time buyers, now priced at 4.98%.
The mutual also has a fee-free five-year fix at 75% LTV for limited company BTL remortgage against properties with an Energy Performance Certificate (EPC) rating of A to C, with a rate of 5.41%.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We know brokers are looking for competitive options that deliver value for their clients, so we’re pleased to be reducing rates across both our residential and BTL ranges.
“These latest changes provide advisers with even more choice to support a wide range of borrowing needs, whether that’s helping a first-time buyer onto the property ladder or supporting landlords with their investment plans.”
Rely lowers BTL rates
Rely, specialist BTL lender and part of OSB Group, has reduced rates by as much as 0.25%.
Changes have been applied to selected one-, two- and five-year fixes for small landlords and two-year fixes for medium and large landlords.
This includes the one-year fix at 75% LTV with a 3% fee, which now has a rate of 3.83%. There is also the two-year fix at 55% LTV with a 5% fee, priced at 3.51%, and the equivalent five-year fix with a rate of 4.68%.
Reductions have also been made to its recently launched limited-edition mortgages.
Adrian Moloney, group lending distribution director at OSB Group, said: “These latest reductions further strengthen our buy-to-let proposition and provide brokers with even more competitive options for landlords looking to purchase or refinance.
“Whether supporting straightforward buy-to-let cases or more complex property transactions, we remain committed to delivering competitive products backed by the service, expertise and support brokers expect from Rely.”
OSB Group published its half-year results this week, showing origination growth across its BTL division.
