Coventry for intermediaries cuts rates
Coventry for intermediaries has reduced rates on its 5-year fixed standard buy-to-let and portfolio buy-to-let mortgages.
Highlights include a buy-to-let product at 50% LTV having its rate cut by 0.16% to reach 1.79% and a buy-to-let mortgage at the same LTV which saw its rate drop by 0.20% to reach 1.85%.
Both come with a £1,999 product fee and early repayment charges payable until 31 July 2025.
Coventry for intermediaries has also reduced all of its fixed rate residential mortgages at 90% LTV by up to 0.20%.
Kevin Purvey (pictured), director of intermediaries at Coventry for intermediaries, said: “At a time of instability and uncertainty in the buy-to-let market, our reductions will be a great boost for brokers and their landlord clients.
“With competitive rates and the certainty of fixed mortgage payments, these products will suit a range of landlords.
“It’s also great news for residential clients with a 10% deposit, with reductions of up to 0.20% across all 90% LTV fixed rate mortgages.
“Whether borrowers are purchasing or remortgaging, now is a great time to see if we can help your clients.”