The products are:
4.99% 5 year fixed rate (31.03.2016) loan to value 50%
5.39% 5 year fixed rate (31.03.2016) loan to value 65%
The products both have a booking fee of £250 and a valuation fee is included; a legal package for those remortgaging is also included.
Commenting, Colin Franklin, sales and marketing director, Coventry Building Society, said: “We are delighted to have extended our current mortgage range to include these fantastic, 5 year fixed rates mortgages with no arrangement fees.
“Starting from a market leading rate of 4.99%, we expect these to be very popular amongst landlords looking for peace of mind against future interest rate rises. However, brokers need to act now to avoid missing out.”