Buy To Let Date:
Coventry BS has reduced its already competitive five-year fixed buy-to-let (BTL) mortgage rate by 0.20%. This has moved this attractive deal from second up to first place in the Best Buy chart of its sector, as it now boasts the lowest rate for its terms.
This mortgage now has a market-leading rate of 2.59% at 65% loan-to-value (LTV), fixed to 31.01.2022. It comes with a fee of £1,999.
The deal is offered to landlords looking to purchase or remortgage a rental property, as long as they have the necessary deposit. It comes with an incentive package including free valuation fees (up to £700) for all, while remortgagors also benefit from free legal fees. All borrowers have the option of making overpayments.
The now market-leading rate on this BTL deal, along with its benefits, enhances its position in the chart and deservedly earns it the highest rating, as it offers a highly competitive choice for landlords looking to expand their portfolio.
Moneyfacts rating: Outstanding
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