"We know there are some large spikes in products coming to the end of their existing deals in the buy-to-let market over the coming months."
A two-year fixed rate has been reduced by 10bps to 1.79% and a five-year fix has been lowered by 16bps to 2.29%, both available up to 75% LTV with a £1,999 product fee.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We know there are some large spikes in products coming to the end of their existing deals in the buy-to-let market over the coming months.
"These price reductions should be attractive to brokers and help their existing landlords to refinance.”
