Coventry reduces rates

Its new range includes a two-year fixed rate deal at 3.50% available at 50% LTV with a free valuation and free remortgage transfer service.

Customers borrowing up to 70% LTV can take a two year fixed rate of 3.65%.

There is also a two-year tracker at 2.59% at 70% LTV. A free valuation and free remortgage transfer service is also available on this product

A buy-to-let deal at 4.99% fixed for 18 months with a £700 fee and a free valuation at 65% LTV is also available.

Colin Franklin, sales and marketing director at Coventry Building Society, said: "We continue to have a strong appetite for growing our mortgage business and expect this range to be well received by intermediaries and customers alike."