Coventry for intermediaries has launched a 5-year fixed rate at 3.90% and cut all other fixed rates across residential and buy-to-let (BTL) product ranges.
Residential rates have reduced by up to 0.52% and buy-to-let rates have reduced by to 0.25%.
Highlights include a 5-year fixed rate at 3.90% up to 65% loan-to-value (LTV) with £999 product fee available for residential purchase, and a 5-year fixed at 4.53% up to 65% LTV without product fee available for buy-to-let remortgage.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Seeing sub-4% rates back on the table is a great sign for the market and could lead to more activity in the latter part of the year.
“Last week’s Bank of England decision was the welcome news borrowers had been waiting for, and the sweep of rate reductions which has happened since should hopefully generate confidence among those looking to secure a new mortgage deal in the coming months.”