Coventry cuts BTL rates and fees

Buy-to-let products available from today include a 4.30% (reduced from 4.49%), 2-year fixed rate until 31.07.14 at 65% with a £250 booking fee with no arrangement fee.

There is also a 3.99% 2-year fixed buy-to-let rate until 31.07.14 up to 65% LTV with a £250 booking fee and a £749 arrangement fee (reduced from £1,249).

The final new buy-to-let product is a 4.49% (reduced from 4.75%) flexx for term deal up to 65% LTV with a £250 booking fee, no arrangement fee and no ERCs.

Colin Franklin, managing director at Godiva Mortgages, said: “Hot on the heels of our recent residential rate cuts, we have now reduced our prices even further.

“We have lowered our rates and arrangement fees on selected 2-year fixed and Flexx for term buy-to-let mortgages, making our new range even better.

“So investors no longer have to choose between a low rate and a small upfront fee - they can have both.”