The reduced BTL rates include:

• A two year-fixed 50% loan to value (LTV) reduced from 1.69% to 1.49%, with early repayment charges (ERCs) payable until 30 April 2020 and a £1,999 product fee;
• A two year-fixed 75% LTV reduced from 2.25% to 2.05%, with ERCs also payable until 30 April 2020 and a £1,999 product fee.

Coventry’s two year-fixed products have ERCs of 2% until 30 April 2019 and 1% until 30 April 2020.

All products include a valuation of up to £700 for BTL mortgages.

Kevin Purvey, director of intermediaries at Coventry, commented: “We’re very happy to reduce rates across our BTL two year-fixed range from 50%-75% LTV.”