Coventry cuts buy-to-let rates by 0.30%

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Coventry for Intermediaries has reduced rates on its buy-to-let mortgage range.

Rates will be cut by 0.30 per cent on its two-, three- and five-year fixes at 50 to 60 per cent LTV.

At these new lower rates Coventry is offering a two-year fix at 1.69 per cent at 50 per cent LTV. This deal has a £1,999 product fee and ERCs payable until 30 January 2020.

Its five-year fix at 50 per cent LTV has a rage of 2.39 per cent, with ERC until 31 July 2023. Product fees of £1,999 apply.

Coventry director of intermediaries Kevin Purvey says: “We have a range of options for brokers looking for competitive products at 50 to 65 per cent LTVs. These products are also application fee free and include a valuation of up to £700.”

Coventry has also made some reductions to its residential mortgage range.

The rate on its five-year fix at 90 per cent has been reduced by 0.16 per cent.

The building society also offers £500 cashback for customers taking out a fixed-rate loan.

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