Coventry for intermediaries has reduced the rates on selected residential mortgages by up to 40 basis points, with the changes applying to 80% to 95% loan-to-value (LTV) products.

The lender has also reduced rates on selected products at 50% to 75% LTV by up to 50 basis points.

Highlights of the residential range include a 2.45% (was 2.79%) 2-year fixed rate to 30 September 2023 with early repayment charges (ERCs), at 90% LTV, with no product fee.

This is available for purchase, remortgage, further advance and product transfer.

A 1.29% (was 1.65%) 5-year fixed rate to 30 September 2026, with ERCs, at 50% LTV, with no product fee.

This is available for purchase and remortgage.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Our high LTV Residential mortgages are now even more competitive, which is great news for brokers and their clients with smaller deposits.

“And those with a lower LTV have plenty of competitive options too.

“With a particularly large number of mortgage deals due to end in the next couple of months, now’s the time for brokers to get in touch with their clients and help them to find the right mortgage for their needs.”