New variable BTL mortgage | Product News - Moneyfacts

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New variable BTL mortgage

New variable BTL mortgage

Category: Buy To Let
Date: 30/04/2015

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 It is now over 6 months old so the content may be out of date.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 unveiled a new variable rate for term buy-to-let mortgage, which has earned an 'excellent' rating for its competitive terms.

The basics…

This mortgage has a variable rate of 2.69% for term. It is available at a loan-to-value (LTV) of 65% and has a fee of £1,999.

The finer details…

This deal is only available to second-time buyers and remortgagors with a 35% deposit. All borrowers can take advantage of an incentive package of free valuation (max £700), while those looking to remortgage their rental property can also benefit from free legal fees.

Both overpayments and payment holidays are permitted provided certain conditions are met, and it has the added advantage of having no early redemption penalty.

Why we like it…

This new variable rate mortgage is likely to catch the eye of landlords with its attractive rate and enticing incentive package. The availability of flexible repayment options is also a bonus, making this an appealing choice for a landlord with the necessary deposit.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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