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Coventry introduces 50% LTV buy-to-let range

Coventry for intermediaries has launched a selection of buy-to-let mortgages at 50% loan-to-value (LTV), with rates starting from 1.49% for a two-year fix.

Other products include a 1.49% two-year fix and a 2.59% five-year fix, with each deal subject to a £1,999 product fee.

Kevin Purvey, director of intermediaries, commented: “We’re very pleased to launch a new range of buy-to-let mortgages at 50% LTV.

“As well as competitive rates, the range means that brokers can offer their buy-to-let clients the stability of a fixed rate for two, five or 10 years, or the flexibility of our Flexx for Term products with unlimited overpayments and further borrowing at the same rate.

“Also, all of our products are application fee free and include a valuation of up to £700 for buy-to-let mortgages.”

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