Coventry for intermediaries cuts buy-to-let rates

Coventry for intermediaries has reduced fixed rates across its standard buy-to-let and portfolio landlord mortgage ranges by up to 0.21%.

Its 2-year fixed rate at 50% loan-to-value (LTV) was cut from 1.59% to 1.39% and the 2-year fixed mortgage at 75% LTV saw its rate drop from 1.89% to 1.69%.

Both come with a £1,999 product fee and ERCs are payable until 31 October 2021.

Matthew Carter, head of mortgages and savings, said: “These changes mean we can offer more competitive fixed rates on portfolio landlord and standard buy-to-let mortgages, which should be welcome news for those assessing their options in the lettings market.

“And it’s good news for owner-occupied borrowers who might be looking to remortgage before the end of October, as we’ve reduced fixed rates on our 2 and 3-year mortgages to further strengthen the range of options we offer.”

The lender also reduced fixed rates across its standard 2-year and 3-year residential mortgages.


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