Coventry for Intermediaries will pay brokers buy-to-let product transfer fees of 0.30% from 1 April.
The lender will also pay a 0.30% for residential product transfers by the end of the year.
Kevin Purvey (pictured), director of intermediaries, said: “Intermediaries are integral to our success and we know they’ve been eagerly anticipating this announcement.
“We’ve been able to bring proc fees for buy-to-let product transfers to market more quickly and are committed to extending this to Residential products later this year”.
“In line with our pledges, our ‘open transfer policy’ still stands, so existing customers can access our full range of new business buy-to-let products.”