Coventry for Intermediaries has reduced rates on five-year fixed standard buy-to-let and portfolio landlord buy-to-let mortgages.
New deals include the following:
- 1.79% (was 1.95%) five-year fixed until 31/07/25, 50% LTV, ERCs payable until 31/07/25 and a £1,999 product fee.
- 1.85% (was 2.05%) five-year fixed until 31/07/25, 65% LTV, ERCs payable until 31/07/25 and a £1,999 product fee.
Coventry for Intermediaries has also reduced all of its 90% LTV residential fixed rate mortgages by up to 0.20 percentage points.
Kevin Purvey, director of intermediaries at the Coventry, 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.”