Related topic: Coventry BS

The lender is also updating its affordability assessments, enabling some clients to borrow more.

Residential rates have reduced by up to 0.14% following yesterday's Bank of England base rate reduction.

Rates have decreased by up to 0.19%.

The Loyalty Mortgage Saver account will pay a high variable interest rate of 4.80%.

Earlier this week the Society reduced its stress tests, giving borrowers the chance to borrow up to £35,000 more.

The changes will increase maximum borrowing by 8-15% for many mortgage applicants.

Purchase and remortgage rates have reduced by up to 0.19%.

Coventry launched its first product specifically for limited company landlords earlier this year.

Coventry for intermediaries has today cut residential and buy-to-let rates by up to 10bps.

Andrea Melville becomes CEO of The Co-operative Bank and chief commercial officer of Coventry Building Society Group.