Coventry for intermediaries has reduced rates on its five-year fixed rate buy-to-let mortgages by up to 0.26%.
Five-year rates now start at 1.95% up to 50% loan-to-value (LTV) and 2.05% up to 65% LTV, with both deals subject to a £1,999 product fee.
Kevin Purvey, director of intermediaries, commented: “Our five-year fixed buy-to-let range is now even more competitive – great news for landlords.
“With the economic uncertainty we’re seeing, these products are ideal for landlords looking for the stability of a fixed rate – whether for a purchase or remortgage.
“The reductions also apply to five-year fixed rates from our portfolio landlord range. Plus, as with all our buy-to-let mortgages, there’s no minimum income requirement and a standard valuation included of up to £700.”
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Looks like low interest rates are still here to stay ..... for a while yet.
IR are going negative all round the world.
Desperate investors are looking for a home to park their money that doesn't cost them money which is what negative IR do!
Lenders could offer 1% fixed for 30 years and still make good profits.
In Japan rates are still 0% after more than 20 years.
IR are only going down.
The problem is that very few are able to meet PRA and MMR requirements.
There are millions of frustrated borrowers out there that would love to borrow but are being prevented from doing so by ridiculous Govt restrictions.
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