Coventry for intermediaries has reduced rates on its five-year fixed buy-to-let mortgages by up to 0.26 percentage points.

New deals include the following:

• 1.95% (was 2.19%) five-year fixed until 30/04/25, 50% LTV, ERCs payable until 30/04/25 and a £1,999 product fee.
• 2.05% (was 2.29%) five-year fixed until 30/04/25, 65% LTV, ERCs payable until 30/04/25 and a £1,999 product fee.

Kevin Purvey, director of intermediaries, said: “Our five-year fixed buy-to-let range is now even more competitive – great news for landlords. With the economic uncertainty we’re seeing, these products are ideal for landlords looking for the stability of a fixed rate – whether for a purchase or remortgage.

“The reductions also apply to five-year fixed rates from our portfolio landlord range. Plus, as with all our buy-to-let mortgages, there’s no minimum income requirement and a standard valuation included of up to £700.”