Coventry for Intermediaries issues its lowest ever BTL fixed rates

Coventry for Intermediaries issues its lowest ever BTL fixed rates

Coventry for Intermediaries has cut rates across its two and five year fixed buy-to-let ranges, which means the lender now has products in each category with the lowest rates they have ever offered.

New deals include the following:

  • 1.39% (reduced from 1.49%) two year fixed until 30.04.20, 50% LTV, ERCs payable until 30/04/20 and a £1,499 product fee (reduced from £1,999)
  • 1.79% (reduced from 2.05%) two year fixed until 30.04.20, 75% LTV, ERCs payable until 30/04/20 and a £1,999 product fee
  • 2.09% (reduced from 2.39%) five year fixed until 31.10.23, 50% LTV, ERCs payable until 31/10/23 and a £1,999 product fee
  • 2.59% (reduced from 2.69%) five year fixed until 31.10.23, 75% LTV, ERCs payable until 31/10/23 and a £1,999 product fee

Kevin Purvey, director of intermediaries, said: “We’re delighted to reduce rates across our buy-to-let two and five year fixed ranges. Selected rates are now market leading and include the lowest buy-to-let rates we’ve ever offered. These products represent our commitment to the buy-to-let market and are ideal for landlords looking to lock in a highly competitive rate.

“And to make the start of 2018 even better for landlords, we’ve reduced product fees on selected 50% and 65% LTV two year fixed mortgages by £500 to £1,499.”

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