Coventry for intermediaries has cut BTL rates by up to 13bps.
The lender has also reduced residential rates by up to 20bps.
• 5.15% two-year fixed-rate to 30.11.2028, 90% LTV, no fee — available for first time buyers, and comes with £500 cashback
• 4.60% five-year fixed rate to 30.11.2031, 75% LTV, £999 fee — available for residential purchase
Jonathan Stinton, head of intermediary relationships at Coventry Building Society (pictured above), said: “Continuing rate reductions gives brokers more opportunities to re-engage clients who may have been holding off making a move.
“The market remains highly competitive and even relatively small pricing changes can help improve monthly costs or make certain options more attractive for borrowers.”
