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.”