Its two-year fixed purchase products up to 85 per cent loan to value (LTV) with a £995 have been cut by up to 0.2 per cent, while fee-free options between 85 and 95 per cent LTV have been reduced by up to 0.65 per cent.
Examples include a two-year fix up to 60 per cent LTV, which now has a rate of 4.54 per cent with a £995 fee or 5.09 per cent with no fee.
At 85 per cent LTV, the fee-free two-year fixed deal has a rate of 5.34 per cent, while the 95 per cent LTV option is priced at 5.84 per cent.
Five-year fixed products for purchase at 75 to 85 per cent LTV, with a £995 fee have been reduced by up to 0.15 per cent. Two-year fixed remortgages up to 75 per cent LTV with a £995 fee have also seen rate reductions of up to 0.15 per cent.
TSB has also lowered the rates of its two and five-year fixed product transfer deals for residential borrowers by 0.15 per cent. These have a £995 fee.
Coventry BS cuts all fixed rates
Coventry Building Society has lowered all of its residential fixed rates for new and existing borrowers.
The mutual’s two, three and five-year fixed options have seen rate reductions of up to 0.2 per cent, while offset and interest-only rates have also been cut.
Examples include a two-year fix at 95 per cent LTV which now has a rate of 5.76 per cent. This has no fee and offers £500 cashback for first-time buyers. It is available for purchase only.
There is also a five-year fix at 65 per cent LTV with a £999 fee, which now has a rate of 4.16 per cent. This is available for purchase or remortgage, with a £350 cashback incentive.
Additionally, there is a two-year fix at the same tier of 65 per cent LTV, with a £999 fee and a rate of 4.37 per cent. This is for product transfer and further advance only.
