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Coventry Intermediaries will cut its residential mortgage rates by up to 0.20% from Wednesday.

Its range now includes two-year fixed-rate products starting from as low as 1.69%.

Highlights include:

Two-year fixed rate at 1.69% to 65% LTV until 30 June 2017 with early repayment charges (ERCs) throughout and £999 arrangement fee.

Five-year fixed rate charging 2.29% to 65% LTV until 30 June 2020 with ERCs throughout and a £999 arrangement fee. This mortgage has been reduced from 2.39%

Five-year fix at 2.79% to 75% LTV until 30 June 2020, ERCs payable throughout and no arrangement fee. This deal has been reduced from 2.99%.

Flexx for Term at 2.55% to 85% LTV with £300 arrangement fee and no ERCs. Reduced from 2.65%.

Darin Landon, distribution director at Coventry Intermediaries, said: "Our highly competitive range is now even better, as we have reduced rates across our two and five-year fixed rate products.

"And for borrowers looking for flexibility and unlimited overpayments, our Flexx for Term range is perfect."

Residential ERCs:

Two-year fixed rate: 2% until 30 June 2016 then 1% until 30 June 2017.

Five-year fixed rate: 5% until 30 June 2016, 3% until 30 June 2018 then 1% until 30 June 2020

For more information mortgage introducers should telephone the central intermediary support team on 0845 757 3612 or log onto www.coventryintermediaries.co.uk

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