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Coventry Intermediaries launches B2L fixed rate deals

Coventry Intermediaries is expanding its buy-to-let range with the launch of two five-year fixed rate deals.

The products will be available from tomorrow (Thursday) and consist of a Flexx Fixed deal available up to 75% LTV at 5.99% for five years with no arrangement fee and no ERCs, as well as a five-year fix at 5.49% available up to 75% LTV with an arrangement fee of £2,999.

Colin Franklin, managing director at Godiva Mortgages, says: “With uncertainty over when interest rates will move and by how much, many buy-to-let investors are looking for both flexibility and security, for which our new five-year fixed rate deals are perfect.”

He says the 5.99% deal is suitable for those seeking low upfront costs and the flexibility of no ERCs, while the 5.49% product offers great value for those looking to borrow a larger sum.

Franklin adds: “We are confident that our new extended buy-to-let mortgages will mean that even more buy-to-let investors will be able to find the right mortgage for them with Coventry Intermediaries.”


My advice could have saved Nationwide a lot of BMR money

I was interested to hear that Nationwide’s base mortgage rate has cost it £600m over the past 12 months. It jogged my memory about an email I sent via our BDM to the lender in October 2009. My email suggested a way to shift a huge number of borrowers away from its bete noire the […]

Broker-exclusive fixes on offer at Northern Rock

Northern Rock has launched an intermediary-exclusive two-year fixed rate deal with no product fee at 3.34% up to 70% LTV. It is also offering a three-year fixed rate with no product fee at 3.99% up to 70% LTV and a five-year deal without a product fee at 4.49% up to 70% LTV.


1,348 – The number of individuals who are made redundant every day in this country, data from a charity shows. 75% – The percentage of workers in the UK who have a commute of half an hour or less, according to the Office for National Statistics. 128% – The average house price increase in UK […]


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