From Friday this week, Coventry Intermediaries is set to cut prices on its buy-to-let range, reduce its two-year fixed rate deals and launch two base rate trackers.
The trackers include a + 2.79% BBR Tracker until 30.06.13, a 60% loan to value and a + 3.25% BBR Tracker until 30.06.13, with a 60% loan to value and no arrangement fee.
The lender has also launched a two-year fixed rate launched at 4.35% fixed with a 65% loan-to-value and a two-year Flexx fix at 4.65% with no arrangement fee and no Early Redemption Charges.
Colin Franklin, managing director, Godiva Mortgages, said: “With a basic valuation up to £700 included on all products and some with no arrangement fees or ERCs – we are confident that even more buy to let investors will find what they need with the Coventry”.
Mortgage Solutions announced the cuts yesterday, which an insider suggested would “upset some lenders.”
