The society is offering a 2-year fix at 2.05% to 65% LTV until 30 June 2017 and a 5-year fix at 3.05% to 75% LTV until 30 June 2020.
Darin Landon, Coventry’s distribution director, said: “Our competitive range has just got even better.
“Not only have we cut rates by up to 0.24%, we have also launched a selection of fee free options starting from just 2.05% available at 65% LTV.
“Ideal for borrowers who want to lock into a great low rate, whilst keeping their initial costs down.”
In terms of rate reductions Coventry’s 85% LTV 2-year fixes have been reduced from 2.49% to 2.29% and from 2.99% to 2.75%.
Both products are fixed until 30 June 2017, with the former product coming with a £999 arrangement fee and the latter coming with no fee.