Buy-to-let mortgage gets a rate cut | Product News - Moneyfacts

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Buy-to-let mortgage gets a rate cut

Buy-to-let mortgage gets a rate cut

Category: Buy To Let
Date: 17/11/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Coventry Building Society has reduced selected buy-to-let (BTL) mortgage rates across its range, with one of its variable rate deals enjoying a significant 0.40% reduction to secure its position in the Moneyfacts charts.

The basics…

This mortgage is now priced at 2.09% variable for term and is available at 65% loan-to-value (LTV), making it the lowest rate available in its sector. It comes with a fee of £1,999.

The finer details…

Available to second-time buyers and remortgagors, this deal comes with a generous incentive package of free valuation for all borrowers (max £700) as well as free legal fees for those wishing to remortgage their rental property, both of which will help keep upfront costs to a minimum.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian Credit Expert to investigate your credit report.

Why we like it…

Coventry Building Society's latest review has ensured this deal's competitiveness in the market, not only by boasting the lowest variable rate for term available, but also by offering landlords generous incentives, which are sure to add to the appeal.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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