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TODAY'S OTHER NEWS

Coventry reduces buy-to-let rates

Coventry for Intermediaries has cut fixed rates on a selection of its buy-to-let mortgage products by up to 0.21%.

Highlights include two-year fixed rates at 1.39% up to 50% loan-to-value (LTV), and 1.69% up to 75% LTV. Both products command a £1,999 fee.

The Coventry has also reduced fixed rates across its standard two and three-year residential mortgages.

Matthew Carter, head of mortgages and savings at Coventry for Intermediaries, commented: “These changes mean we can offer more competitive fixed rates on portfolio landlord and standard buy-to-let mortgages, which should be welcome news for those assessing their options in the lettings market.

“And it’s good news for owner-occupied borrowers who might be looking to remortgage before the end of October, as we’ve reduced fixed rates on our two and three-year mortgages to further strengthen the range of options we offer.”

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