Previously this product was available at +3.85% above base for two years, and has now been cut to +3.35%.
The new product details are as follows:
- +3.35% base rate tracker until 30.06.12
- Maximum of 60% loan to value
- Competitive fees of £1,050
- Legal work for remortgagors and a valuation up to £680 included
Colin Franklin, managing director of Godiva Mortgages, said: “We are delighted to launch this new buy-to-let base rate tracker – it is perfect for customers looking to take advantage of historically low interest rates.
“With competitive fees of £1,050 and legal work included for remortgagors, we are confident that introducers will find our new buy to let base rate tracker to be a popular choice for clients.”