Variable for term BTL deal gets a welcome rate cut | Product News - Moneyfacts

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Variable for term BTL deal gets a welcome rate cut

Variable for term BTL deal gets a welcome rate cut

Category: Buy To Let
Date: 24/06/2016

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 It is now over 6 months old so the content may be out of date.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 reduced the rate on its variable for term buy-to-let mortgage by 0.20%, cementing its reputation as an 'excellent' product.

The basics…

This mortgage now has a highly competitive variable rate of 2.49% for term, the lowest rate currently available in its sector. It is offered at a loan-to-value (LTV) of 65% and has a fee of £1,999.

The finer details…

Second-time buyers and landlords who are looking to remortgage their rental property are welcome to apply. This deal is accompanied by a tempting incentive package of free valuation (max £700) and free legal fees for remortgagors. All borrowers can also benefit from the option to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

Landlords who are looking to secure a competitive variable rate mortgage will be delighted by this recent rate cut. Not only is the rate offered highly appealing, but the enticing incentive package and repayment options combine to make this deal an all-round attractive offer.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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