Coventry cuts resi and BTL rates

By: ameer@trustedteam.com

Coventry for intermediaries has cut rates on two and five-year fixes for residential and buy-to-let new business applications.

Residential rates are being reduced by between 22 and 54 basis points and BTL deals are dropping by between 39 and 74 basis points.

New products include two-year fixes for residential and remortgage at 6.23% to 75% LTV with a £999 product fee and a five-year fix for BTL purchase or remortgage at 6.32% with a £1999 fee.

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