The society has also reduced fixed rates across its standard two-year and three-year residential mortgages.
Its BTL offerings include a 1.39 per cent, down from 1.59 per cent, two-year fix at up to 50 per cent loan-to-value (LTV), and a 1.69 per cent two-year fix at 75 per cent LTV down from 1.89 per cent. Both have early repayment charges payable until 31 October 21 and a £1,999 product fee.
Coventry BS has also dropped its residential two-year fixed rates by up to 16 basis points to 1.29 per cent and 1.69 per cent within its 50 per cent LTV offer; 1.39 per cent and 1.79 per cent on 65 per cent LTV and 1.49 per cent and 1.89 per cent on 75 per cent LTV.
Other two-year fixed residential products which have seen reductions include its new rates of 1.59 per cent and 1.99 per cent on 85 per cent LTV and 1.75 per cent and 2.05 per cent on 90 per cent LTV.
Its residential three-year fixed rates have been reduced by 10 basis points to 1.55 per cent at 65 per cent LTV, 1.59 per cent on 75 per cent LTV and 1.85 per cent on 85 per cent LTV.
Matthew Carter, head of mortgages and savings, said: “These changes mean we can offer more competitive fixed rates on portfolio landlord and standard BTL mortgages, which should be welcome news for those assessing their options in the lettings market.
“And it’s good news for owner-occupied borrowers who might be looking to remortgage before the end of October, as we’ve reduced fixed rates on our two- and three-year mortgages to further strengthen the range of options we offer.”
