"All of our buy-to-let fixed rates are benefitting from a reduction, and last week we also enhanced our buy-to-let reference rates to reflect current market conditions"
According to the society, all buy-to-let and portfolio landlord fixed rate products have been reduced by up to 100bps. Changes include a five-year fixed rate which has reduced to 4.60% at 65% LTV with a £1,999 product fee, available for purchase or remortgage.
The lender has also introduced a new range of 80% LTV residential products and reduced all new business standard fixed rates between 65%-75% LTV.
New residential rates include a two-year fix at 80% LTV, available at 4.63% with a £999 product fee – available for residential purchase and remortgage, with a choice of £350 cashback or RMTS for remortgage applications.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re continuing to support our intermediary partners with a number of rate reductions and new products. We’ve seen demand for products at 80% LTV so we’re launching these rates to give brokers and their clients the options they need.
“All of our buy-to-let fixed rates are benefitting from a reduction, and last week we also enhanced our buy-to-let reference rates to reflect current market conditions.”
