Coventry for intermediaries has cut selected rates on buy-to-let and portfolio landlord options by up to 25 basis points, while reducing rates by up to 15bps on products up to 85% loan to value across its owner-occupied range.
The broker-only arm of the country’s second-largest mutual, Coventry Building Society, adds that it has expanded its BTL and portfolio landlord ranges.
Highlights of its rate reductions include:
- A 3.25% fixed-rate loan to 31 December 2027 available for purchase, remortgage, product transfer, further advance and first-time buyer options, with a £999 fee and 75% LTV
- A 3.54% fixed-rate offer to 31 December 2027 available for purchase, remortgage, product transfer, further advance and first-time buyer options, with no fee and 75% LTV
- And a 3.35% fixed-rate deal to 31 December 2027 available for purchase, remortgage, product transfer, further advance and first-time buyer options, with a £999 fee and 85% LTV
Coventry for intermediaries corporate account manager Ben Williams says: “We’re continuing to support the broker market where we can with more competitive rates across a large selection of products.
“These changes will allow us to strike a better balance between meeting client demand for competitive rates and balancing service. In the current market, brokers and their clients should see the appeal of a good mix of both.”