Coventry updates buy-to-let range
Its 2-year fix stands at 3.49% up to 65% LTV with a £250 booking fee and no arrangement fee, while its 5-year fix is 3.99% up to 65% LTV with a £250 booking fee and £1,749 arrangement fee.
The Flexx for Term variable mortgage, which incurs no early repayment charges, stands at 65% LTV with a £250 booking fee and £1,749 arrangement fee.
Colin Franklin, managing director of Godiva Mortgages, said: “Hot on the heels of our recent residential range, we are delighted to launch a range of highly competitive BTL options.
“We expect our 2-year fixed rate at 3.49% with no arrangement fee will be very popular with borrowers looking to keep their initial costs low.
“And our flexx for term option at 2.69% is perfect for those looking for the flexibility of unlimited overpayments with no ERCs.
“And don’t forget, all buy-to-let products include a valuation up to £700 and access to our remortgage transfer service.”