Godiva reduces buy-to-let fix

Nia Williams

April 23, 2010

The new product is part of the buy-to-let range offered by Godiva including;

+3.35% 2 year base rate tracker (30.06.12), loan to value 60%

4.65% Flexx for term, loan to value 60%

Colin Franklin, managing director of Godiva Mortgages, said “We are very confident that introducers will find a buy-to-let product in our range to meet the needs of their clients. Our +3.35% BBR tracker has been extremely popular and we are certain that our new reduced fixed rate of 4.59% will be a welcome addition to our competitively priced range.”

At the same time, the Coventry has launched a capped base rate tracker. This product combines all of the best features of a base rate tracker and a fixed rate mortgage – a low initial starting rate, and protection if interest rates start to rise.

The product details are:

+2.49% base rate tracker until 30.06.12, current pay rate 2.99%

Rate capped at 3.99% until 30.06.12

Available up to 65% loan to value

Legal package for remortgagors included

One valuation up to £650 included

Colin Franklin said: “For those wishing to take advantage of low interest rates and protect themselves in future, our capped base rate tracker mortgage is perfect.”

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