Buy-to-letNews

Coventry cuts buy-to-let rates

Coventry for intermediaries has reduced fixed rates on its standard buy-to-let product range.

A 2-year fixed mortgage at 50% LTV was cut from 1.66% to 1.59% and a 2-year fixed at 65% LTV has decreased from 1.76% to 1.69%.

Both come with a £1,999 product fee and ERCs. This is as well as reductions on its owner-occupier mortgages.

Kevin Purvey, director of intermediaries, said: “Our 2, 3 and 5-year fixed owner-occupier ranges are now even more competitive.

“The next few months will see a lot of borrowers’ current mortgage deals coming to an end, so these products are ideal for those looking to secure their remortgage deal as early as they can.

“And it’s good news for landlords too, as we’ve reduced fixed rates on standard buy-to-let products.”

 

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