Coventry cuts residential and buy-to-let rates by up to 0.15%

Coventry for intermediaries has announced rate reductions across its residential and buy-to-let mortgage ranges.

Residential rates have been reduced by up to 0.15% and buy-to-let rates by up to 0.08%.

Highlights of the new product ranges include a 90% LTV two-year fixed rate for first-time buyers, down to 4.98% with £500 cashback.

In Coventry's buy-to-let range, a five-year fixed rate for limited company remortgages on properties with an EPC rating of A-C is down to 5.41% at 75% LTV with no fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We know brokers are looking for competitive options that deliver value for their clients, so we’re pleased to be reducing rates across both our residential and buy-to-let ranges. 

"These latest changes provide advisers with even more choice to support a wide range of borrowing needs, whether that’s helping a first-time buyer onto the property ladder or supporting landlords with their investment plans.”