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Coventry cuts BTL rates

Jake Carter

December 8, 2020

buy-to-let

Coventry for Intermediaries has reduced rates on its 2- and 5-year fixed buy-to-let mortgages.

The reductions are to products set at between 65% and 75% LTV.

Notable cuts include the 65% LTV 2-year fix to 1.55%, and the 65% LTV 5-year fix to 1.89%.

Both deals have a £1,999 fee and RMTS included.

In addition, 70% LTV products have been added, and rates have also been reduced on portfolio landlord products.

Jonathan Stinton, head of intermediary relationships at Coventry for Intermediaries, said: “Our BTL range is now even more competitive.

“It’s great news for intermediaries and their landlord clients as we now have a wider choice of products available.

“There will be lots of BTL opportunities for brokers in 2021 for both purchase and remortgage and we expect our range to be a popular choice.

“We know our high level of service is also valued by brokers and it will remain as strong as ever next year.

“Plus, as with all our BTL mortgages, there’s no minimum income requirement and includes a standard valuation up to £700.”


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