Buy To Let Date:
Coventry Building Society has increased the rate on its variable for term buy-to-let mortgage, but despite this, it remains a highly competitive option in its sector, earning it the top rating as a result.
This mortgage has an attractive variable rate of 2.29% for the term of the mortgage and is available at 65% loan-to-value (LTV). A fee of £1,999 is payable.
This deal is available to second-time buyers and landlords who are looking to remortgage their rental property. All borrowers can profit from an incentive package of free valuation (max £700), while remortgagors can also benefit from free legal fees.
In terms of repayment options borrowers are given a welcome degree of flexibility, with both overpayments and payment holidays permitted, provided certain conditions are met.
Landlords who are hunting for a highly competitive variable rate mortgage for their rental properties are likely to show interest in this deal thanks to its attractive rate and appealing incentive package. The fact that it also offers some flexible repayment options sweetens the deal yet further, ensuring it fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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