Coventry for intermediaries has launched Flexx for Term buy-to-let mortgages – which have no early repayment charge – between 50% and 75% loan-to-value.
Rates at 50% LTV stand at 1.85% with a £1,999 product fee and 2.25% with a £999 fee.
The new products will not be subject to the Bank of England’s 0.25% base rate increase, which is being passed on by Coventry on 1 December.
Kevin Purvey, director of intermediaries, said: “We’re delighted to launch new Buy to Let Flexx for Term mortgages.
“These products offer competitive rates, the ability to make unlimited overpayments and further borrowing at the same rate (subject to lending criteria)”.
“We’re also reducing rates for buy-to-let 2 and 5-Year fixed products from 70% to 75% LTV and on selected Residential products, so there are options for a wide range of clients.
“Plus, all of our products include a standard valuation of up to £670 for residential and £700 for buy-to-let.”