Buy To Let Date:
Coventry Building Society has increased the rates of selected two-year deals, but one of its offers has managed to keep its competitive edge and retain its place in the Moneyfacts charts.
The deal has a rival-beating rate of 3.59% fixed at a loan-to-value of 75% until 31.1.17. A competitive fee of £749 is payable.
The finer details…
This mortgage is only available to second-time buyers and those looking to remortgage. An enticing incentive package of free valuation (up to £700) is available to all borrowers while remortgagors can also benefit from free legal fees.
Borrowers are given the option to make overpayments of up to 10% of the outstanding balance each year, granting some welcome flexibility.
Why we like it…
Despite the increase, this deal from Coventry Building Society remains an attractive one. The rate is still competitive, as is the fee, and the incentive package is likely to appeal to many borrowers with the right deposit.
Four Moneyfacts Stars have been awarded.
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