Mortgages  

Coventry expands 80% LTV buy-to-let range

Coventry expands 80% LTV buy-to-let range

Coventry for intermediaries has added a further three products to its buy-to-let portfolio, following its recent introduction of an 80 per cent loan-to-value buy-to-let product.

Available since Friday (5 February) is a 3.99 per cent two-year fixed rate product until the 30 April 2018 at 80 per cent loan-to-value with early repayment charges payable to 30 April 2018.

A £999 arrangement fee applies.

Article continues after advert

Also available is a 4.99 per cent five-year fixed rate product until 30 April 2021, with 80 per cent loan-to-value and early repayment charges payable to 30 April 2021 plus an arrangement fee of £999.

Finally, a two-year Flexx Tracker with a 3.79 per cent offer is available until the 30 April 2018, with 80 per cent loan-to-value, no early repayment charges and a £999 arrangement fee.

Darin Landon, distribution director at Coventry for Intermediaries, said: “Our range of buy-to-let mortgages is now even better, as we have expanded our range of products at 80 per cent LTV.

“These attractive additions offer your clients the security of a fixed rate or the flexibility of a Flexx Tracker.

“Plus, all of our buy-to-let products are booking fee free and include a valuation of up to £700. You can offer your clients a great deal for their buy-to-let investment with Coventry for intermediaries”.

Andrew Montlake, director at Coreco, said: “Coventry have a good track record of competitive buy-to-let rates and their new suite of 80 per cent LTV products is a welcome addition in a market where most lenders cap out at 75 per cent LTV.”

ruth.gillbe@ft.com