Coventry for intermediaries – the broker facing arm of Coventry Building Society – has cut all of its limited company BTL rates by up to 0.19 percentage points. The cuts are on both remortgage and purchases applications and include two- and five-year fixed rates.

Jonathan Stinton, head of intermediary relationships, at Coventry Building Society, says: “We’re seeing more and more landlords turning to limited companies to manage their portfolios. Our latest rate reductions are designed to give them more choice and value in a market that’s still evolving.”

West Brom Building Society has revealed rate reductions across its two- and three-year fixed mortgage ranges, with cuts of up to 0.33%.

In the two-year range, the £999 fee-paying 80% LTV remortgage product is now available at 4.25%, while the equivalent purchase option has been reduced to 4.10%. The no-fee purchase alternative has also been cut, now at 4.30%.

Two interest only products have also been added to the two-year range at 60% LTV with a £999 fee, for purchase at 4.10% and remortgage at 4.25% respectively. Changes have also been made to the three-year range. New 80% LTV options for both purchase and remortgage are being introduced, with pricing from 4.30% and 4.36% respectively.

West Brom BS product manager Aran Mann comments: “We know customers are still navigating uncertainty, so we’re focused on delivering strong options across the board, whether it’s a first-time buyer looking for stability or a homeowner seeking a better deal. Our goal is to support them with rates that meet their needs in the moments that matter.”

MeanwhileNewcastle for Intermediaries has announced rate reductions of up to 0.30% across its Large Loans mortgage proposition.

Available now, the revised Large Loans range offers enhanced flexibility for clients requiring mortgages of up to £3m, with loan-to-value (LTV) ratios available up to 85%. With rates starting from 4.45% the range allows for consideration of up to 100% bonus / commission – subject to underwriter discretion – supports up to 10% overpayments and allows enhanced income multiples of up to 5.5x. 

Michelle Ash, national account manager at Newcastle Building Society, says: “As the Large Loans market grows, we want to ensure that we support our broker partners not only with competitive rates, but with an expert-led approach and service they can trust. We understand the very specific needs of clients with higher or complex incomes and high-value borrowing requirements, and are proud to be able to reduce rates across our Large Loans proposition in order to offer brokers and their clients more choice, flexibility and value.”