Coventry for intermediaries has lowered rates on its restricted firm buy-to-let mortgages.
Coventry for intermediaries – the dealer dealing with arm of Coventry Building Society – has lowered all of its restricted firm buy-to-let rates by as much as 0.19 proportion factors.
The cuts are on each remortgage and purchases purposes and embrace two- and five-year mounted rates.
Highlights of the brand new vary embrace;
· A two-year mounted charge at 5.81%, as much as 75% LTV with no product payment – obtainable for buy
· A five-year mounted charge at 5.1%, as much as 75% LTV with £3,999 product payment – obtainable for remortgage.
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Jonathan Stinton, head of middleman relationships, at Coventry Building Society, mentioned: “We’re seeing increasingly more landlords turning to restricted firms to handle their portfolios. Our newest charge reductions are designed to present them extra selection and worth in a market that’s nonetheless evolving.”
