Tuesday 8th May 2018

Coventry for intermediaries reduce rates across its BTL range

Coventry for intermediaries has cut rates across its range of buy-to-let mortgages in a bid to remain competitive.

The lender has reduced rates across its two, three and five-year fixed rate buy-to-let range by up to 0.2%.

Highlights include a two-year fixed rate buy-to-let mortgage at 1.75% and a five-year fixed rate at 2.65%, both available at up to 75% loan-to-value (LTV) with a £1,999 product fee.

Two-year fixed rate Mortgage Early Repayment charges (ERC) are at 2% for the first year and 1% in the second year.

Five-year ERCs are 5% for the first year, then 3% for the next two years and 1% over the last two years of the term.

Kevin Purvey, director of intermediaries, commented: “We’re delighted to reduce rates across our buy-to-let two, three and five year fixed ranges which feature competitive rates, LTVs from 50-75% and a standard valuation included up to £700.

“These products also include our remortgage transfer service for landlords looking to move to a competitive fixed rate – something that’s definitely worth considering in this current climate of uncertainty.”

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