Buy To Let 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.
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.
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.
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
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