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Coventry brings in offset mortgage and cuts BTL rates

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Coventry for Intermediaries has brought in a new offset mortgage and cut its buy-to-let rates.

The offset loan is a 1.59 per cent flex for term at 50 per cent LTV, with a £999 fee and no ERCs.

The lender has cut buy-to-let rates by 0.20 per cent to 1.99 per cent on its flex for term loan at 65 per cent LTV with a £1999 fee and no ERCs.

Coventry for Intermediaries director of intermediaries Kevin Purvey says: “With competitive rates starting from 1.49 per cent, this range is ideal for clients who like the idea of using their savings to reduce their monthly repayments or overall mortgage term.”

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