
Coventry for intermediaries to increase fixed mortgage rates across selected ranges
The changes will apply to both new and existing borrowers and will come into effect following product withdrawals at 8pm on Sunday 8th March.

The changes will apply to both new and existing borrowers and will come into effect following product withdrawals at 8pm on Sunday 8th March.

The changes include 2-, 3- and 5-year fixed-rate deals, with several products aimed at first-time buyers and offering £500 cashback.

The rate cuts apply to the lender’s 2- and 5-year fixed rate products, available to limited company landlords operating through special purpose vehicles (SPVs).

The products are available to both buy-to-let (BTL) and limited company BTL landlords and can be used for purchase and remortgage applications.

Residential rates have been cut by up to 0.15% across 2-, 3- and 5-year fixed products.

Residential rates have been reduced by up to 0.25% while buy-to-let rates have been cut by up to 0.10%.

Maximum loan amounts have been raised to £3m for residential applications and £1.5m for buy-to-let (BTL).Â

Research from Coventry for intermediaries found that 22% of landlords believed transferring property to a limited company was too expensive.

Residential rates are reducing by up to 0.14% and buy-to-let rates are reducing by up to 0.38%.

New figures from Coventry for intermediaries show landlords are more confident using brokers than going direct when incorporating to limited company BTL.

Coventry for intermediaries has reduced rates by up to 0.19% on residential, BTL and limited company BTL deals, including sub-4% product transfer options.

Available products now include a 4.00% 2-year fixed rate until 31st December 2027.
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