Coventry for intermediaries has reduced selected buy-to-let mortgage rates by up to 13 basis points, with new deals launching today for landlords and investors. The lender has also trimmed residential rates by up to 20 basis points as part of the same update, with reduced options available for both new and existing customers across its range.
"Continuing rate reductions give brokers more opportunities to re-engage clients who may have been holding off making a move," said Jonathan Stinton, head of intermediary relationships at Coventry Building Society.
"The market remains highly competitive, and even relatively small pricing changes can help improve monthly costs or make certain options more attractive for borrowers."
For landlords looking to refinance or expand their portfolios, the rate cut comes at a time when even small reductions in buy-to-let mortgage rates can make a meaningful difference to monthly costs and overall returns. Brokers may find the changes give them a fresh opening to revisit cases with clients who had previously paused their plans.
