Coventry for Intermediaries has launched 2-year fixed rates for new buy-to-let and portfolio landlord customers, ranging from 50-75% loan-to-value (LTV), with fee and no fee options available.
Selected products have a remortgage cashback option, offering £350 cashback as an alternative to Coventry’s Remortgage Transfer Service.
Highlights include a 5.39% 2-year fixed rate upto 50% LTV with a £1999 product fee and a 6.00% fee free version. Both are available for purchase and remortgage – with a cashback option available for remortgage.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Adding these products to our buy-to-let range is all about giving brokers and their clients more choice.
“There’s strong demand for shorter-term rates as well as five-year rates, so we’re launching these products to sit alongside our existing five years deals and give our intermediary partners the options they need.”
