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Coventry cuts BTL rates

Sarah Davidson

October 2, 2012

Available from Tuesday 2 October highlights include:

2 Year Flexx Fixed Mortgage

3.05% (reduced from 3.15%), 2 Year Flexx Fixed Rate until 31.10.14, 65% LTV, £250 booking fee with 3% arrangement fee and no ERC’s.

Flexx for Term

4.39% (reduced from 4.49%), 65% LTV, £250 booking fee with no arrangement fee and no ERC’s.

5 Year Fixed Mortgages

4.35% (reduced from 4.65%), 5 Year Fixed Rate until 31.10.17, 65% LTV, £250 booking fee with £1,800 arrangement fee.

4.45% (reduced from 4.75%), 5 Year Fixed Rate until 31.10.17, 65% LTV, £250 booking fee with £1,249 arrangement fee.

4.69% (reduced from 4.99%), 5 Year Fixed Rate until 31.10.17, 65% LTV, £250 booking fee with no arrangement fee.

Colin Franklin, managing director, Godiva Mortgages, said: “Our highly competitive buy-to-let range just got even better. Hot on the heels of last week’s rate cuts we have slashed our prices even further. Not only have we reduced rates by up to 0.30%, we have also launched a market leading 2-year Flexx Fixed at 3.05% – ideal for investors looking for the security of a fixed rate with the flexibility of no ERCs.

“And don’t forget, all products include a valuation up to £700 and access to our remortgage transfer service. Now is the time to remortgage with the Coventry.”


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