Coventry for Intermediaries has reduced the rates on selected buy-to-let mortgages by up to 16 basis points.

The changes apply to 75% LTV products.

New deals in the buy-to-let range include:

• 2.29% (was 2.45%) 5 Year Fixed to 31/01/27 with ERCs until 31/01/27. 75% LTV, £1999 product fee.
• 1.79% (was 1.89%) 2 Year Fixed to 31/07/23 with ERCs until 31/07.23. 75% LTV, £1999 product fee.

Jonathan Stinton, head of intermediary relationships at the 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.”