Buy To Let Date:
Coventry Building Society has increased the rate on its variable for term buy-to-let mortgage, but despite this, it has retained its competitive edge.
This mortgage now has a variable rate of 2.49% for the term of the mortgage, the lowest rate currently offered in its sector. It is available at a loan-to-value (LTV) of 65% and has a fee of £1,999.
This deal is offered to second-time buyers and landlords who are looking to remortgage their rental property. Free valuation (max £700) is available to all borrowers while remortgagors can also profit from free legal fees.
In addition, underpayments and overpayments are allowed, provided certain conditions are met, giving borrowers some additional flexibility.
Landlords who are looking for a competitive buy-to-let mortgage are likely to pay attention to this deal, which still boasts the lowest rate in its sector. It is also accompanied by a generous incentive package, particularly for remortgagors, as well as some flexible repayment options. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.