Coventry for intermediaries cuts rates

Michael Lloyd

December 6, 2019

kevin purvey coventry

Coventry for intermediaries has reduced rates on its 5-year fixed standard buy-to-let and portfolio buy-to-let mortgages.

Highlights include a buy-to-let product at 50% LTV having its rate cut by 0.16% to reach 1.79% and a buy-to-let mortgage at the same LTV which saw its rate drop by 0.20% to reach 1.85%.

Both come with a £1,999 product fee and early repayment charges payable until 31 July 2025.

Coventry for intermediaries has also reduced all of its fixed rate residential mortgages at 90% LTV by up to 0.20%.

Kevin Purvey (pictured), director of intermediaries at Coventry for intermediaries, said: “At a time of instability and uncertainty in the buy-to-let market, our reductions will be a great boost for brokers and their landlord clients.

“With competitive rates and the certainty of fixed mortgage payments, these products will suit a range of landlords.

“It’s also great news for residential clients with a 10% deposit, with reductions of up to 0.20% across all 90% LTV fixed rate mortgages.

“Whether borrowers are purchasing or remortgaging, now is a great time to see if we can help your clients.”

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