Coventry for intermediaries slashes rates on buy-to-let

Michael Lloyd

December 8, 2017

Coventry for intermediaries has reduced rates on its 2-year fixed buy-to-let range by 0.20%, with competitive rates now starting from 1.49%.

Kevin Purvey, director of intermediaries, said: “We’re very happy to reduce rates across our buy-to-let 2-year fixed range from 50% – 75% LTV.

“With competitive rates, a range of LTVs and a variety of fee options, this range is ideal for brokers’ clients looking to lock in a competitive rate for the short term.

“Plus, all of our products are application fee free and include a valuation of up to £700 for Buy to Let mortgages”.

Highlights include a buy-to-let 1.49% (reduced from 1.69%) 2-year fixed until 30.04.20 at 50% LTV, ERCs payable until 30.04.20 and a £1,999 product fee. And 2.05%, reduced from 2.25%, 2-year fixed until 30.04.20, 75% LTV, ERCs payable until 30.04.20 a £1,999 product fee.

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