Coventry Building Society has lowered fixed residential rates, along with buy-to-let (BTL) rates, by up to 0.18% in some instances.
The lender said that fixed residential rates have been reduced by up to 0.18% and BTL rates have been decreased by up to 0.15%.
Two-, three- and five-year fixed residential rates are available between 65% and 95% loan to value (LTV).
Highlights of fixed residential rate cuts include its five-year fixed remortgage rate at 75% LTV with no fee at 4.61% with the choice of £350 cashback or use of the lender’s remortgage transfer service.
The lender also offers a two-year fixed rate with no fee at 65% LTV for BTL purchase at 5.35%.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Markets have continued to be favourable, and we aim to make it as easy as possible for our intermediary partners to source and secure a new deal for their clients. That’s why our latest rate reductions give brokers a wider range of attractive options to make sure they can get their clients the best deal possible.”
The lender last lowered select residential and BTL fixed rates by up to 0.21% at the end of June.
Aldermore launches limited-edition BTL and residential fixed rates
Aldermore is bringing out limited-edition rates with deals in its BTL and residential ranges.
For individual and company landlords with single residential investment properties, the firm is adding a five-year fixed rate at 75% LTV with pricing from 4.99%.
The firm has also cut its five-year fixed rate at 65% LTV, with rates starting from 4.89%.
For a multi-property product for individual and company landlords with residential investment properties, there is a five-year fixed rate at 75% LTV with pricing from 4.89%.
The lender’s five-year fixed rate at 65% LTV has also been cut, with pricing beginning from 4.79%.
In its residential owner-occupier level 1 limited-edition range, products come with zero fees and all products are up to 80% LTV. Two-year fixed rates start from 5.79% and five-year fixed rates begin from 5.34%.
Mark Gordon, director of mortgages at Aldermore, said: “Whether you’re a landlord, a first-time buyer, or moving home, we’ll always do our utmost to support you at Aldermore. We’re pleased to make these rate reductions for a wide range of borrowers, enabling as many people as possible to go for it in life and business.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
