Coventry for Intermediaries cuts rates on BTL range

Coventry for Intermediaries has reduced the rates on selected buy-to-let mortgages by up to 16 basis points, with the changes applying to 75% LTV products.

Coventry for Intermediaries cuts rates on BTL range

Coventry for Intermediaries has reduced the rates on selected buy-to-let mortgages by up to 0.16%, with the changes applying to 75% loan-to-value (LTV) products.

Notable reductions include the 75% LTV 5-year fix cut from 2.45% to 2.29%, and the 75% LTV 2-year fix cut from 1.89% to 1.79%.

Both products include early repayment charges over the duration of the loan and a £1,999 fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We know there are some large spikes in products coming to the end of their existing deals in the Buy to Let market over the coming months.

“These price reductions should be attractive to brokers and help their existing landlords to refinance”.

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