Coventry reduces fixed rates on standard buy-to-let products

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Obviously those on fixed products within. Barclays, Coventry, Nationwide, Lloyds and Virgin Money who all announced plans to reduce rates on both their Standard Variable Rate and Tracker products..

Coventry Intermediaries Announces Extended Range with 2 Year Fixed Rates Starting From 2.15% and Has Cut Rates on Selected Residential and Buy to Let products marketwired september 19, 2013

“The interest rates charged are typically higher than those in the mainstream mortgage market offered by high street lenders, but they can be fixed for life and will. of the year while we try to.

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The Bank of England’s first interest rate cut in more than seven years has resulted in more misery for savers, with scores of “best-buy” products. borrowers on standard variable rates – the rate.

The buy to let mortgage market is continuing to expand, with both Coventry for Intermediaries and Bath Building Society releasing new buy to let products. Coventry for Intermediaries has launched new Flexx for Term buy to let mortgage products, at 50 per cent -75 per cent LTVs.

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Coventry for intermediaries has cut rates on its three- and five-year fixed rates and standard buy-to-let products by up to 0.2%. The move follows on from the lender’s decision last month to enhance the number of buy-to-let mortgages permitted with the group from three to five.

Kevin Purvey, director of intermediaries at the Coventry Building Society, said: "We’re delighted to reduce rates across our buy-to-let two, three and five-year fixed ranges which feature competitive rates, LTVs from 50-75% and a standard valuation included up to 700.

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Coventry for intermediaries has cut rates across its range of buy-to-let mortgages in a bid to remain competitive. The lender has reduced rates across its two, three and five-year fixed rate buy-to-let range by up to 0.2%.

All Buy to Let products are provided by Godiva Mortgages Limited.. Buy to Let Standard Variable Rate: 4.99% 65%. Any mortgages from the Godiva Mortgages product range do not give membership rights to Coventry Building Society.

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