Coventry for Intermediaries has cut a number of rates on its buy-to-let mortgage range at 70% LTV and below by 10 basis points.
Products are available fixed for two and five years and the range includes no fee options.
The lender has also reduced rates on its Portfolio Landlords range.
Deals in the new range include the following:
- 2.15% (was 2.25%) two-year fixed to 31/07/23 with ERCs until 31/07/23. 65% LTV, no product fee (available for purchase, remortgage, product transfer and further advance)
- 1.89% (was 1.99%) five-year fixed to 31/01/27 with ERCs until 31/01/27. 65% LTV, £1,999 product fee (available for purchase, remortgage, product transfer and further advance)
Jonathan Stinton (pictured), head of intermediary relationships at the Coventry Building Society, said: “This is great news for intermediaries and their landlord clients as our buy-to-let range is even more competitive. With many large buy-to-let maturities due soon, this will help to support the market.
“Plus, as with all our buy-to-let mortgages, there’s no minimum income requirement and the products include a standard valuation fee up to £700.”