Coventry launches EPC buy to let deals as TMW cuts rates

Coventry for Intermediaries has rolled out a new range of buy to let products aimed at landlords investing in energy-efficient homes, offering lower pricing for properties with stronger EPC scores.

The new deals are open to both individual and limited company landlords and apply to homes rated A, B or C.

The lender says the products are designed to support purchases and remortgages where higher energy standards are already in place, allowing landlords to reduce borrowing costs while aligning portfolios with future efficiency expectations.

Eligibility is tied to a valid EPC assessment, which will be checked against the official government register.

For new-build acquisitions, a Predicted Energy Assessment will be required.

Buy to let pricing reductions

Alongside the launch, Coventry has also made a small reduction to its buy to let pricing for existing borrowers.

The lender’s head of intermediary relationships, Jonathan Stinton, said: “Landlords are increasingly looking for ways to future-proof their portfolios, and energy efficiency is a big part of that.

“By offering lower rates on properties with an EPC rating of A to C, we’re acknowledging sustainable choices that benefit both the environment and their bottom line.”

The Mortgage Works cuts rates

Meanwhile, The Mortgage Works has confirmed it has cut its buy to let mortgage rates by up to 0.15% on selected fixed-rate products.

For new business limited company borrowing, five-year fixed rates have been reduced across several fee structures.

This includes a 4.02% option with a 5% fee available up to 70% LTV, a 4.44% product with a 3% fee up to 75% LTV, and a 4.89% deal with a £1,495 fee, also capped at 75% LTV.

All come with a free valuation and apply to purchases, remortgages and further advances.

Switcher options included

Existing customer switcher options have also been trimmed with two-year fixes now including a 2.72% rate with a 3% fee and a 4.25% no-fee alternative, both available up to 65% LTV.

A five-year fixed option at 3.54% with a 3% fee has also been reduced for borrowers at the same loan-to-value level.

TMW’s lead manager, Keir Fraser, said: “We are always looking for ways to offer landlords our best range of products, so we’re delighted to be able to start the year with rate cuts for new and existing customers across our mortgage range.”

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