Coventry reduces all residential and buy-to-let mortgage rates

Coventry for intermediaries has reduced all mortgage rates across its range by up to 19bps, with lower options available for residential, buy-to-let and limited company buy-to-let applications. 

Reduced rates are available for new customers looking to purchase or remortgage, and existing customers looking to secure a new deal.

In its residential range, highlights include a two-year fixed rate at 3.88%, available up to 65% LTV with a £999 fee for product transfer and further advance.

For limited company buy-to-let borrowers, a five-year fix at 75% LTV has reduced to 5.24% with no fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “It’s good to see rates continuing to slip further below 4%, creating more opportunities right across the board. We’ve made reductions across our residential, buy-to-let and limited company buy-to-let ranges giving brokers more options to work with.

“Our product transfers rates are aligned with our cheapest new business rates too, so brokers can offer existing clients the same great value as anyone coming to us for the first time. With many clients approaching the end of their current deals, there’s scope to engage with them early and help line up a deal which supports their next steps.”