Coventry for intermediaries has made reductions across all its fixed products while LendInvest Mortgages lowered rates on its two-year fixed rate buy-to-let (BTL) products.
Coventry for intermediaries has cut rates in its owner occupier range by up to 27 basis points and BTL products by up to 20bps.
A residential two-year remortgage has a fixed rate of 4.46% to 31 August 2027 and comes with a fee of £999.
Meanwhile, a BTL five-year purchase has a fixed rate of 4.70% until 31 August 2030 and comes with a fee of £1,999.
Coventry Building Society head of intermediary relationships Jonathan Stinton says: “Market conditions have stabilised, allowing us to pass on these reductions to all our fixed rate products.”
“We’re pleased to be able to continue to help mortgage brokers and their clients by offering more competitive rates across the board that create greater choice for people looking for their next mortgage deal.”
Elsewhere, LendInvest Mortgages has reduced rates by up to 15bps.
New rates on its two-year fixed rate BTL products will start from 3.74% and are available for all new business, product transfers and bridge-to-let loans.
These products can fund the purchase of standard properties, along with small and large homes of multiple occupancies (HMOs), holiday lets and multi-unit freehold blocks (MUFBs).
The lender’s BTL products offer up to 80% LTV and utilse open banking.
LendInvest commercial director Sophie Kettle comments: “We’re committed to providing our customers with competitive rates and flexible products to help them achieve their property investment goals. This rate reduction reflects LendInvest’s ongoing efforts to support the BTL market and provide landlords with attractive financing options.”
