Coventry Building Society will lower select owner-occupied rates from 8am Wednesday 12 October.
In a note to brokers, the lender said that it would be cutting five-year fixed rates between 85 and 95 per cent loan to value (LTV).
Exact rate changes were not disclosed.
It added that five-year fixed rate no-fee existing customer products, which includes product transfer and further advances, between 85 and 90 per cent LTV would also be cut.
The mutual said that there would be no changes to offset or interest-only rates, which includes offset interest-only.
The lender said that no changes would be applied to its buy-to-let range.
Coventry said that current rates would be available until 8pm Tuesday 11 October, and added applications received after that time would not be accepted.
For new business cases, the mutual said that an agreement in principle (AIP) did not secure a closing product.
Coventry added that if an AIP refer it would not be able to guarantee it before the product is closed. If it does refer copy the case and click through to full mortgage application to secure the product.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
