Related topic: Coventry BS

The largest reductions are to higher-LTV products.

The Society has introduced new sub-4% residential rates.

Brokers can now submit directly to lenders using a standardised DIP form.

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%.