Both products come with a £999 product fee.
Coventry for intermediarieshas reduced rates on its 5-year fixed residential mortgages by up to 0.10%.
At 50% loan-to-value (LTV) the rate was cut from 1.75% to 1.65% whilst the 85% LTV rate has decreased from 2.05% to 1.95%.
Both come with a £999 product fee and ERCs are payable until the end of September 2024.
Kevin Purvey, director of intermediaries, said:“The current mortgage market is fast moving and we’ve made these further changes which are great news for brokers’ clients looking for the stability of a fixed rate or for those thinking about remortgaging in the next few months.
“These changes are also good news for clients interested in an offset mortgage, which could be a great option for borrowers wanting to make their savings work harder in this sustained period of low interest rates.”
The lender has also reduced rates on its offset residential mortgages, cutting rates on its 2-year fixed rate products by up to 0.16% and 5-year fixed products by 0.10%.
