Coventry trims residential and buy-to-let rates

Coventry for intermediaries has reduced selected rates across its mortgage ranges, with new deals launching today.

Residential and buy-to-let rates have been reduced by up to 12bps, and there are reduced options for new and existing customers.

In its residential range, highlights include a five-year fixed rate at 95% LTV, available to first-time buyers at 5.52% with no fee and £500 cashback.

A limited company buy-to-let five-year fixed rate has reduced to 5.23%, available up to 75% LTV with a £1,999 fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “With borrowers and brokers closely watching every rate movement in what’s been a fast moving market, small changes can make a difference to advice.

"By reducing rates across key residential and buy-to-let products, we’re giving intermediaries more choice when recommending the most suitable solutions for their clients.”