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Coventry cuts rates

Michael Lloyd

September 27, 2019

Coventry for intermediaries has reduced rates on its 5-year fixed buy-to-let mortgages by up to 0.26%.

At 50% LTV the 2.19% mortgage was cut to 1.95% while at 65% LTV the 2.29% deal has decreased to 2.05%.

Both come with a £1,999 product fee and ERCs payable up until 30 April 2025.

Kevin Purvey, director of intermediaries, said: “Our 5-year fixed buy-to-let range is now even more competitive – which is great news for landlords.

“With the economic uncertainty we’re seeing, these products are ideal for landlords looking for the stability of a fixed rate – whether for a purchase or remortgage.

“The reductions also apply to 5-year fixed rates from our portfolio landlord range. Plus, as with all our buy-to-let mortgages, there’s no minimum income requirement and a standard valuation included of up to £700.”


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