Rates are available across 50% to 75% LTV for both buy-to-let and portfolio landlords
As broker demand for shorter term options has increased, Coventry for intermediaries has launched new two-year fixed rate products for existing buy-to-let customers.
The intermediary-only lender said rates are available across 50% to 75% loan-to-value (LTV) for both buy-to-let and portfolio landlord customers. They can only be availed on product transfer and further advance.
Highlights include a 50% LTV two-year fix at 5.29% and 65% LTV two-year fix at 5.39%, both with a £1999 product fee.
“2023 will be a big year for many landlords as their buy-to-let deals come to an end,” Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society, commented. “This presents brokers with an excellent opportunity to re-engage and advise them on the best options. We’re adding two-year deals to our range to support brokers and their clients with the products they need.”
Last week, Coventry launched cashback remortgage products, also following broker demand for additional remortgage options.
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