Coventry for intermediaries cuts BTL & residential rates

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Jonathan Stinton
Jonathan Stinton, Coventry

Coventry for intermediaries has reduced a selection of residential and buy-to-let fixed rates by up to 10bps.

Two, three and five-year fixed rate products are available for residential applications, with options from 65% to 95% loan to value (LTV).

Deals include:

  • 4.53% two-year fixed rate until 30.06.2027, 65% LTV, £999 product fee – available for residential purchase
  • 4.61% five-year fixed rate until 30.06.2030, 65% LTV with a £1999 product fee – available for buy-to-let remortgage, with the option of £350 cashback of use of the lender’s Remortgage Transfer Service.

Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, said: “There’s been some turbulence in the market in recent weeks, but we’re keeping an eye on any movements so we can pass on reductions where we can.

“Supporting brokers is a top priority for us, so we want to do all we can to help them help their clients.”