Fleet Mortgages has reintroduced zero interest rates and five-year fixed rates.
The products are available in both standard and limited business ranges and are available for purchase and remortgage.
The 75% Loan-to-Value (LTV) products have a rate of 5.89% for the no-fee option or 5.59% for the £3,999 fixed option.
Both have a minimum loan option of £25,001, while the fixed fee mortgage has a maximum loan size of £750,000.
There is a free valuation for properties up to £500,000, and the application fee is £199.
Fleet of mortgages Chief Commercial Officer Steve Cox says: “By reintroducing these product options, we can offer advisers and their landlord clients more choice depending on how they want to structure their loans.”
“Some will want to keep the upfront costs as low as possible, especially in the current environment, while others will focus on getting a lower rate over the fixed term, even if that means paying a higher rate up front.”
Meanwhile, Coventry has reduced selected interest rates for intermediaries by up to 12 basis points.
Rates for residential and buy-to-let (BTL) products have been reduced. These include the five-year fixed interest rate until 11/30/2031 at an LTV of 95% with a new rate of 5.52%. This is available for starters and comes with £500 cashback and no fees.
It also includes the five-year fixed interest rate until 11/30/2031 at an LTV of 75% with a new rate of 5.23%. It costs £1,999 and is available to BTL limited liability applicants.
Jonathan Stinton, head of intermediary relations at Coventry Building Society, comments: “As borrowers and brokers closely monitor every interest rate movement in a fast-moving market, small changes can make a difference to advice. By reducing rates on key residential and buy-to-let products, we are giving intermediaries more choice in recommending the most suitable solutions for their clients.”