Coventry for intermediaries slashes fixed BTL rates
By Tara SammonsCoventry for intermediaries has reduced selected fixed rates by up to 9bps for both residential and BTL applications.
Section: NEWS
Coventry's five-year fixed-rate BTL remortgage product, at 65% LTV and no product fee, is now available at 4.51% until end of August 2030.
This offer also includes the option of either a £350 cashback or a remortgage transfer service.
The building society’s two-year 75% LTV residential purchase product has also been reduced to 4.38%.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, commented: “We’ve seen some positive moves in the market, allowing us to pass on reductions to many of our fixed-rate products.
“We’re pleased to further support mortgage brokers and their clients by offering more competitive rates, creating greater choice for people selecting their next mortgage deal.”
Keywords: Coventry for intermediaries, Fixed rates reduction, Buy to let remortgage, 5-year fixed rate, 4.51% interest rate, 65% LTV, No product fee, £350 cashback, Remortgage transfer service, Residential mortgage, Competitive mortgage rates, Mortgage brokers
Source: BTL Insider — https://btlinsider.co.uk/coventry-for-intermediaries-slashes-fixed-btl-rates