Coventry cuts limited company purchase and remortgage rates

Coventry for intermediaries has reduced all limited company buy-to-let rates by up to 18bps, with products available for purchase and remortgage.

For purchase, a two-year fixed rate at 75% LTV has reduced to 4.57% with a £3,999 product fee.

A five-year remortgage rate at 75% LTV is down to 4.96% with no fee.

Earlier this month the lender launched a new range of products aimed to reward landlords who invest in energy efficient properties. These products offer lower rates for properties with an EPC rating of A, B or C.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We know brokers are working hard to support landlords, so we’re pleased to be cutting rates across our limited company buy-to-let range to give them even more competitive options. 

"Our latest reductions mean brokers can offer their clients greater choice, whether they’re looking to remortgage or purchase through a limited company. And with our recently launched EPC linked products rewarding energy efficient properties, we’re continuing to back landlords who want to future proof their portfolios.”