Coventry cuts fixed rate buy-to-lets

Ryan Bembridge

January 12, 2018

Coventry for intermediaries has cut a number of fixed rate buy-to-let rates – as its 75% loan-to-value 2-year fix has been reduced from 2.05% to 1.79% with a £1,999 product fee.

The lender’s 50% LTV 2-year fix has been reduced by 0.10% to 1.39% with a £1,499 fee.

Its 50% LTV 5-year fixes have cut to 2.09% to 50% LTV and 2.59% to 75% LTV, both with a £1,999 fee.

Kevin Purvey, director of intermediaries, said: “We’re delighted to reduce rates across our buy-to-let 2 and 5-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 2-year fixed mortgages by £500 to £1,499.”

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