Coventry BS cuts fixed buy-to-let rate | Product News - Moneyfacts

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Coventry BS cuts fixed buy-to-let rate

Coventry BS cuts fixed buy-to-let rate

Category: Buy To Let
Date: 05/04/2013

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 It is now over 6 months old so the content may be out of date.

A rate reduction of 0.10% has seen the already competitive five-year fixed mortgage from Coventry Building Society hurtle towards the top of the best buy tables.

The basics…

A rate of 3.99% is offered until 30.4.18 to investors with deposits of 35% and over.

The finer details….

A fee of £1,999 is payable, £250 of which must be paid upfront.

Incentives of free valuation fees are offered to purchase borrowers, whilst those looking to remortgage are offered free legal fees.

This mortgage also offers repayments flexibility, allowing borrowers to overpay up to 10% of the outstanding balance per year.

Why we like it…

Investors with large deposits should find this revamped deal appealing, due to its low rate and generous incentives. It is worth noting that the rate cut also applies to the same deal offered under the Godiva Mortgages brand.

What next?

Speak to a BTL mortgage adviser
Compare BTL mortgages for new landlords
Buy to let guides

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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