Cuts have been made to its purchase exclusive products with a £1,295 fee and free valuation.
This includes its two-year fix at 65 per cent loan to value (LTV) which has gone down by 0.05 per cent to 5.6 per cent, and the 75 per cent LTV alternative which has been reduced to 0.1 per cent to 5.6 per cent.
Across its fee-saver products, the two-year fix at 65 per cent LTV has gone down from 5.97 per cent to 5.87 per cent, while the alternative at 75 per cent LTV is the same rate after a 0.12 per cent reduction.
At 85 per cent LTV, the two-year fixed rate has been lowered by 0.07 per cent to 6.22 per cent.
The lender has added buy-to-let portfolio exclusive products with a £2,195 fee.
There are two and five-year fixes at 50, 60 and 75 per cent LTV. Rates range from 5.62 per cent for a five-year fix at 50 per cent LTV to 6.18 per cent for a two-year fix at 75 per cent LTV.
Coventry BS drops rates
Coventry Building Society has reduced rates across its residential two, three and five-year fixed products by as much as 0.29 per cent.
This includes a two-year fix at 65 per cent LTV with a £999 fee which is priced at 5.53 per cent. This product is for purchase only.
Also at 65 per cent LTV, a five-year fixed remortgage with a £999 fee is priced at 5.22 per cent.
The mutual has also reduced rates on its tracker mortgages at 50 to 80 per cent LTV. Rates on selected buy-to-let and portfolio buy-to-let products have also been cut by up to 0.25 per cent.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Providing value to customers is a top priority for us, so we’re keeping a close eye on the market to pass on rate reductions wherever we can.
“Brokers need a broad range of options for their clients, so we’ve passed on reductions to our two, three and five-year fixed rate deals as well as our trackers and selected buy-to-let products. These reductions, alongside our standout service, work together to make the process of sourcing and securing a deal as straightforward as possible.”
