Coventry launches buy-to-let deals
Share
Coventry Intermediaries has launched two new buy-to-let products with no arrangement fees.
The first deal is a 4.99% five-year fixed rate with a 50% LTV.
The second deal is a 5.39% five-year fixed rate with a 65% LTV.
Colin Franklin, sales and marketing director at Coventry, says: “We are delighted to have extended our current mortgage range to include these fantastic, five-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.”
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
Readers' comments (2)
Avenue & Co Private Finance | 7 Jan 2011 1:59 pm
..these are the best BTL rates in the market Currently from Coventry. Platform offer a 4 yr Fix at 4.99% at 60% LTV but they charge at 2% arrangement fee vs Coventry £250 booking fee only.
(and they accept 1 yrs accounts for self employed (but max 10 rental properties for BTL Landlords).
Great work Coventry - 9.5/10 (lose 0.5 for overpayments of only 5% per annum).
Unsuitable or offensive? Report this comment
Anonymous | 7 Jan 2011 4:04 pm
Not many landlords will be able take advantage of this as they don't have 35% of equity in their properties with prices having fallen so much over the last year. Need to make offer at 75-80% to make it appealing to most of us.
Unsuitable or offensive? Report this comment