Coventry cuts residential and buy-to-let rates

Coventry for intermediaries has reduced rates across its residential and buy-to-let mortgage ranges, including limited company buy-to-let products.

Residential rates have been reduced by up to 10bps and buy-to-let rates by up to 9bps.

For residential purchase, a two-year fixed rate at 65% LTV has reduced to 4.97% with a £999 fee.

In Coventry's buy-to-let remortgage range, a five-year fix at 75% LTV has decreased to 5.47% with no fee.

Jonathan Stinton, head of intermediaries at Coventry Building Society, said: “Brokers are always looking for good value for their clients, particularly with continued volatility in the market, so it’s good to make further reductions across such a broad part of our range.
 
“Whether someone is buying, remortgaging or coming to the end of their current deal, lower rates give brokers more competitive options to put on the table and help clients find something that works for them.”