You are here: Home - News -

Coventry BS cuts buy-to-let rates

by:
  • 12/01/2018
  • 0
Coventry BS cuts buy-to-let rates
Coventry Building Society has cut rates on its fixed-rate buy-to-let products by up to 0.3%.

The lender said the changes meant it had products in its two-year and five-year ranges which were among the lowest it has offered.

It has also reduced product fees on selected 50% and 65% loan-to-value (LTV) two-year fixed mortgages by £500 to £1,499.

 

Loan offers include:

Two-year fixed at 50% LTV at 1.39% (reduced from 1.49%), with early repayment charges (ERCs) payable until 30.04.20 and a £1,499 product fee (reduced from £1,999);

Two-year fixed at 75% LTV at 1.79% (reduced from 2.05%), ERCs payable until 30.04.20 and a £1,999 product fee;

Five-year fixed at 50% LTV, at 2.09% (reduced from 2.39%), ERCs payable until 31.10.23 and a £1,999 product fee;

Five-year fixed at 75% LTV, at 2.59% (reduced from 2.69%), ERCs payable until 31.10.23 and a £1,999 product fee.

 

Coventry for Intermediaries director of intermediaries Kevin Purvey (pictured) said the products included some of the lowest buy-to-let rates the provider had ever offered.

“These products represent our commitment to the buy-to-let market and are ideal for landlords looking to lock in a highly competitive rate.”

There are 0 Comment(s)

You may also be interested in

Read previous post:
Banks carry out immigration checks on current account holders

Banks and building societies have started checking the immigration status of personal current account holders as part of a government...

Close