Coventry for Intermediaries announces rate cuts

June 6, 2026 by Brendan O'Neill

Rates

Coventry for Intermediaries has announced it is cutting some of its mortgage product rates.

These rate cuts are set to apply to some of the buy-to-let and residential mortgages that the lender offers. When it comes to loans in the first of those categories, rates have been cut by as much as 10bps. For residential loans, the maximum rate cuts introduced by Coventry for Intermediaries are by 12bps.

Many of the products that have had their rates reduced are ones targeted at those who are buying a first home. Most of them also offer borrowers cash back of £500, which will further add to their attractiveness.

This marks the second reduction in rates that Coventry for Intermediaries has announced in as many weeks. The previous cuts were also applied to its buy-to-let and residential product ranges.

Among the options that are now available is a fixed two-year mortgage with loan-to-value (LTV) of 90% and a new 5.24% rate. The lender is also offering a fixed five-year 95% LTV mortgage with a 5.35% rate. These two products are both suitable for people buying a first home and do not include any product fees.

Coventry Building Society’s intermediary relationships head is Jonathan Stinton. Speaking to Financial Reporter, he said:

“The reduced rates on high LTV products, along with the cash back, offer much-needed extra support to those trying to get a foothold on the property ladder.”

The market is difficult for first-time buyers right now, so mortgage advisors with CeMAP training will be pleased to see lenders respond to this.