Coventry for Intermediaries has cut rates across its two and five year fixed buy-to-let ranges, which means the lender now has products in each category with the lowest rates they have ever offered.
New deals include the following:
- 1.39% (reduced from 1.49%) two year fixed until 30.04.20, 50% LTV, ERCs payable until 30/04/20 and a £1,499 product fee (reduced from £1,999)
- 1.79% (reduced from 2.05%) two year fixed until 30.04.20, 75% LTV, ERCs payable until 30/04/20 and a £1,999 product fee
- 2.09% (reduced from 2.39%) five year fixed until 31.10.23, 50% LTV, ERCs payable until 31/10/23 and a £1,999 product fee
- 2.59% (reduced from 2.69%) five year fixed until 31.10.23, 75% LTV, ERCs payable until 31/10/23 and a £1,999 product fee
Kevin Purvey, director of intermediaries, said: “We’re delighted to reduce rates across our buy-to-let two and five year fixed ranges. Selected rates are now market leading and include the lowest buy-to-let rates we’ve ever offered. These products represent our commitment to the buy-to-let market and are ideal for landlords looking to lock in a highly competitive rate.
“And to make the start of 2018 even better for landlords, we’ve reduced product fees on selected 50% and 65% LTV two year fixed mortgages by £500 to £1,499.”
