Coventry for intermediaries has cut selected rates on its buy to let mortgage range at 70% loan to value and below by 10 basis points.

The mutual’s broker-only arm says products are available at two and five year fixed rates, with the range also including no fee options.

The business says cuts to the range include a two-year fixed mortgage at 2.15%, from 2.25%, to 31 July 2023, with early repayment charges until 31 July 2023, at 65% LTV, with no product fees.

This product is available for purchase, remortgage, product transfer and further advance.

The range also includes a five-year fixed mortgage at 1.89%, from 1.99%, to 31 January 2027 with early repayment charges until 31 January 2027 at 65% LTV, with a £1,999 product fee.

The mortgage is available for purchase, remortgage, product transfer and further advance.

The lender adds it has reduced rates on its portfolio landlord range.

Coventry Building Society head of intermediary relationships Jonathan Stinton says: “This is great news for intermediaries and their landlord clients as our BTL range is even more competitive. With many large BTL maturities due soon, this will help to support the market.

“Plus, as with all our BTL mortgages, there’s no minimum income requirement and the products include a standard valuation fee up to £700.”

Last month, the unit re-entered the 95 per cent loan-to-value market with two five-year fixed products.