Coventry BS has launched a new buy-to-let mortgage that is likely to catch the collective eye of property investors.
The newly reduced fixed rate of 4.99% to 31.12.13 has become the lowest available for this period.
However, with the maximum loan to value at 60%, this deal may not have such a wide appeal.
On the other hand, those with a 40% deposit, looking to reduce initial costs, may be attracted to the free valuation and, if remortgaging, free legal fees.
The product fee, although slightly higher than the present market leaders at £1,749, is still reasonable when compared to available deals with percentage fees.
Four out of five Moneyfacts stars have been awarded.
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