Buy To Let Mortgages
Coventry BS cuts fixed residential rates; Aldermore launches deals – round-up
Coventry Building Society has lowered fixed residential rates, along with buy-to-let (BTL) rates, by up to 0.18% in some instances.
The lender said that fixed residential rates have been reduced by up to 0.18% and BTL rates have been decreased by up to 0.15%.
Two-, three- and five-year fixed residential rates are available between 65% and 95% loan to value (LTV).
Highlights of fixed residential rate cuts include its five-year fixed remortgage rate at 75% LTV with no fee at 4.61% with the choice of £350 cashback or use of the lender’s remortgage transfer service.
The lender also offers a two-year fixed rate with no fee at 65% LTV for BTL purchase at 5.35%.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Markets have continued to be favourable, and we aim to make it as easy as possible for our intermediary partners to source and secure a new deal for their clients. That’s why our latest rate reductions give brokers a wider range of attractive options to make sure they can get their clients the best deal possible.”
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The lender last lowered select residential and BTL fixed rates by up to 0.21% at the end of June.
Aldermore launches limited-edition BTL and residential fixed rates
Aldermore is bringing out limited-edition rates with deals in its BTL and residential ranges.
For individual and company landlords with single residential investment properties, the firm is adding a five-year fixed rate at 75% LTV with pricing from 4.99%.
The firm has also cut its five-year fixed rate at 65% LTV, with rates starting from 4.89%.
For a multi-property product for individual and company landlords with residential investment properties, there is a five-year fixed rate at 75% LTV with pricing from 4.89%.
The lender’s five-year fixed rate at 65% LTV has also been cut, with pricing beginning from 4.79%.
In its residential owner-occupier level 1 limited-edition range, products come with zero fees and all products are up to 80% LTV. Two-year fixed rates start from 5.79% and five-year fixed rates begin from 5.34%.
Mark Gordon, director of mortgages at Aldermore, said: “Whether you’re a landlord, a first-time buyer, or moving home, we’ll always do our utmost to support you at Aldermore. We’re pleased to make these rate reductions for a wide range of borrowers, enabling as many people as possible to go for it in life and business.”