This includes a two-year fixed residential purchase product at 65% loan to value (LTV) with a £999 fee, now priced at 3.92%. Further, there is a five-year fixed fee-free BTL purchase mortgage at 75% LTV, priced at 5.09%.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “It’s encouraging to see rates continuing to ease across both residential and buy-to-let ranges.
“Lower pricing not only gives brokers more competitive options to present to clients but also helps rebuild confidence among borrowers who’ve been waiting for the right moment to act.”
Last month, the mutual updated its range with a series of criteria changes.
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West Brom lowers two- and three-year mortgage rates
West Brom Building Society has made rate cuts across two- and three-year products available to first-time buyers and remortgagors.
The mutual has reduced rates by as much as 0.18%.
For example, its fee-free two-year fix at 95% LTV has a rate of 4.8%, and the equivalent product at 90% LTV has a rate of 4.42%.
John Phillips, product manager at the West Brom, said: “We are committed to providing products that are attractive and affordable. These latest reductions reflect our purpose to help people achieve a more secure future through homeownership.”
These changes come after recent rate reductions from the mutual.
