Coventry Intermediaries has launched a new range with competitive rates on buy-to-let products, including 2 and 5-year fixed rates and flexible term options.
The new range is available from today (29 July) with a selection of fee structures and loan-to-values, including a 2.69 per cent Flexx for Term variable rate with a 65 per cent LTV and a £250 booking fee, a £1,749 arrangement fee and no early repayment charges.
Also on offer is a 3.49 per cent fixed rate until the end of October 2016 with a 65 per cent LTV, £250 booking fee and no arrangement fee, or a 3.99 per cent fixed rate until the end of October 2019, 65 per cent LTV, £250 booking fee and £1,749 arrangement fee.
Colin Franklin, managing director at Coventry’s buy-to-let arm Godiva Mortgages, said the launch comes on the back of its recent residential range.
He said: “We expect our 2-year fixed rate at 3.49 per cent with no arrangement fee will be very popular with borrowers looking to keep their initial costs low. And our Flexx for Term option at 2.69 per cent is perfect for those looking for the flexibility of unlimited overpayments with no ERCs.”
Mr Franklin added that all the buy-to-let products include a valuation up to £700 and access to a remortgage transfer service.
