The Coventry: Reduces its 5 Year+ Fixed rate BTL reference rate to 4.5%
Coventry for intermediaries has reduced the reference rate on its BTL 5 Year+ Fixed rate products from 5% to 4.5%. This means landlords could be eligible to borrow more if they opt for the security of a longer-term product. Jonathan Stinton, Head of Intermediary Relationships, says, “This is a positive change to our lending [...]