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Coventry for Intermediaries’ BTL fixed rates fall to record low

Coventry for Intermediaries has reduced rates across its entire buy-to-let range, with new deals including its lowest ever two- and five-year fixed BTL ranges.

Coventry’s latest products include a 50% loan-to-value (LTV) two-year fixed rate product that has been reduced from 1.49% to 1.39%, subject to a £1,499 product fee, which represents a £500 saving.

The lender’s 75% LTV two-year fixed rate deal has been cut from 2.05% to 1.79% with a £1,999 product fee.

Its five-year fix rate products have been reduced to 2.09% to 50% LTV and 2.59% to 75% LTV, both with a £1,999 fee.

Kevin Purvey, director of Coventry for Intermediaries’ , commented: “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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