Highlights of the cuts include its no-fee two-year fixed rate at 95 per cent loan to value (LTV) priced at 6.29 per cent. This is available for first-time buyers with £500 cashback.
Its five-year fixed residential rate at 65 per cent LTV with £999 fee is 4.85 per cent. It is eligible for £350 cashback or remortgage transfer service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We may be entering the final few weeks of the year, but brokers are still hard at work for their clients.
“There are new buyers out there who are looking to step onto the ladder, and existing homeowners who need to secure their next deal, and brokers are the ones they’ll turn to. Our latest reductions and our range of two, three and five-year rates, helps give brokers what they need to take care of their clients.”
Virgin Money adds exclusive deals and lowers rates
Virgin Money has launched large loan remortgage exclusives and purchase exclusives and will decrease rates.
The lender has added two £1m-plus remortgage exclusives with £1,995 fee, including its two-year fixed rate at 75 per cent LTV at 5.4 per cent.
Its five-year fixed rate at 75 per cent LTV now stands at 4.95 per cent.
The firm has brought out purchase exclusives with a £1,295 fee and £500 cashback, including a two-year fixed rates at 65 and 75 per cent LTV priced from 4.97 per cent.
Its five-year fixed rate at 65 and 75 per cent LTV starts from 4.53 per cent.
Virgin Money has also added purchase exclusive fee-savers with £300 cashback, with two-year fixed rates at 65 and 75 per cent LTV begin from 5.33 per cent.
Five-year fixed rates at 65 and 75 per cent LTV start from 4.68 per cent.
The lender has also made further selected reductions, with purchase exclusive fixed rates at 85 and 90 per cent LTV being reduced by up to 0.12 per cent, starting from 4.81 per cent.
The firm has also lowered purchase exclusive £1m+ fixed rates have been reduced by up to 0.51 per cent and are priced from 4.95 per cent.
Buy-to-let exclusive fixed rates with a £2,195 fee at 50 and 60 per cent LTV have been cut by 0.09 per cent and begin from 4.73 per cent.
Buy-to-let exclusive fixed rates with a three per cent fee at 60 and 75 per cent LTV have been decreased by up to 0.20 per cent, starting from 4.62 per cent.
Selected product transfer fixed rates have been reduced by up to 0.04 per cent, with rates starting from 4.84 per cent.
Two, three and five-year core residential fixed rates have been reduced by up to 0.30 per cent.
