Coventry reduces five-year BTL rates

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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