Coventry reduces BTL rates

Coventry for intermediaries has reduced rates on selected buy-to-let products along with a new offset mortgage.

New deals include a 1.59% Flexx for Term offset mortgage at 50% loan-to-value (LTV), with no ERCs with a £999 product fee and a buy-to-let Flexx for Term mortgage at 1.99%, reduced from 2.19%, 65% LTV, with no ERCs and a £1,999 product fee.

Kevin Purvey, director of intermediaries at Coventry for Intermediaries, said: “Our offset products are available from 50% to 85% LTV. With competitive rates starting from 1.49%, this range is ideal for clients who like the idea of using their savings to reduce their monthly repayments or overall mortgage term.

“We’ve also made our buy-to-let portfolio even more attractive, with rate reductions on selected two and five-year fixed and Flexx for Term products. These mortgages offer a variety of LTV and fee options to suit a wide range of clients.”

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