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Coventry cuts rates on BTL rate

Coventry Intermediaries has cut rates on its two-year Flexx fixed rate mortgage and on its range of buy-to-let mortgages.

The two-year Flexx fixed rate has been cut from 3.15 per cent from 3.05 per cent at 65 per cent LTV, with a £250 booking fee and 3 per cent arrangement fee with no early repayment charges. The Flexx for term rate has been brought down from 4.49 per cent to 4.39 per cent with the same conditions.

Three new five-year fixed rates are available. At 65 per cent LTV, a 4.35 per cent rate is available, down from 4.65 per cent, with a £1,800 arrangement fee. A rate of 4.45 per cent with a £ 1,249 arrangement fee, down from 4.45 per cent; and a 4.69 per cent rate, down from 4.99 per cent is available with no arrangement fee.

All three new five-year rates also come with a £250 booking fee.

Godiva Mortgages managing director Colin Franklin says: “Our highly competitive BTL range just got even better. Hot on the heels of last week’s rate cuts we have slashed our prices even further. Not only have we reduced rates by up to 0.30 per cent, we have also launched a market leading 2 year Flexx Fixed at 3.05 per cent – ideal for BTL investors looking for the security of a fixed rate with the flexibility of no ERC’s. And don’t forget, all products include a valuation up to £700 and access to our remortgage transfer service. Now is the time to remortgage with the Coventry”.

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