Coventry BS has reduced rates on its range of variable for term buy-to-let (BTL) products by 0.10%, resulting in its 65% loan-to-value (LTV) deal boasting the lowest rate in its sector and thereby comfortably earning an outstanding rating.
This mortgage is now priced at a market-leading 2.09% for the term of the mortgage. It comes with an arrangement fee of £1,999.
The deal is offered to second-home buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It includes the option to make overpayments by lump sum or regular methods, and to take payment holidays for up to three months per year provided certain conditions are met. It also comes with a generous incentives package that includes a free valuation (max £700) for all and free legal fees for remortgage customers.
Due to its market-leading rate and generous incentives, this BTL mortgage has become even more appealing to landlords, and comfortably maintains its position in the Best Buy charts for its sector.
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 Any products featured may be withdrawn by their provider or changed at any time.
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