By using this website, you agree to our use of cookies to enhance your experience.


Coventry reduces fixed rates on standard buy-to-let products

Coventry for intermediaries has cut rates on its three- and five-year fixed rates and standard buy-to-let products by up to 0.2%.

The move follows on from the lender’s decision last month to enhance the number of buy-to-let mortgages permitted with the group from three to five.

The Coventry also doubled the maximum aggregate loan limit allowed on all rental properties from £1m to £2m, increased the maximum loan amount at 50% to 75% loan-to-value (LTV) from £500,000 to £750,000, while also improving the income threshold for 125% interest cover ratio from less than £42,500 to less than £49,000.


In addition, the society introduced a mortgage range aimed specifically at BTL landlords with four or more mortgaged buy-to-let properties in total, either together or separately.

“It’s good news for landlords,” said Kevin Purvey, director of intermediaries at Coventry Building Society. “We’ve reduced fixed rates on standard buy-to-let products.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.


Please login to comment

MovePal MovePal MovePal
sign up