Coventry for Intermediaries makes buy-to-let fixed rate cuts

Published on

Coventry for Intermediaries has cut rates across its two, three and five-year fixed buy-to-let mortgage ranges by up to 0.20 percentage points.

New buy-to-let deals include the following:

 

  • 1.75% (reduced from 1.95%) two-year fixed until 31/07/20, 75% LTV, ERCs payable until 31/07/20 and a £1,999 product fee
  • 2.65% (reduced from 2.79%) five-year fixed until 31/01/24, 75% LTV, ERCs payable until 31/01/24 and a £1,999 product fee

Kevin Purvey, director of intermediaries at the Coventry Building Society, said: “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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...

AMI calls on advisers to take part in protection survey

The Association of Mortgage Intermediaries (AMI) has launched its annual survey of mortgage and...

Broker confidence holds steady as mortgage market cools

Confidence among mortgage brokers held firm in the second quarter of the year despite...

The Suffolk cuts expat mortgage rates amid rising demand

Suffolk Building Society has cut rates across its expat mortgage range, with reductions of...

ModaMortgages unveils eight new limited edition deals

ModaMortgages has expanded its buy-to-let range by launching eight limited edition products at 80%...

Latest publication

Latest opinions

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Other news

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...

AMI calls on advisers to take part in protection survey

The Association of Mortgage Intermediaries (AMI) has launched its annual survey of mortgage and...