Coventry Intermediaries has launched a new range of mortgage products for buy-to-let investors.
Sold through Coventry’s Godiva Mortgages brand, the products includ two-year and five-year fixed-rates and Flexx for Term options.
Highlights include:
- 2.69 per cent Flexx for Term variable rate, 65 per cent loan-to-value (LTV), £250 booking fee, £1,749 arrangement fee and no early repayment charges;
- 3.49 per cent fixed rate until 31.10.16, 65 per cent LTV, £250 booking fee, early repayment charges payable to 31.10.16 and no arrangement fee;
- 3.99 per cent fixed rate until 31.10.19, 65 per cent LTV, £250 booking fee, £1,749 arrangement fee, early repayment charges payable to 31.10.19.
Buy-to-let early repayment charges are as follows:
- Two-year fixed product: 3 per cent until 31.10.15 then 1 per cent until 31.10.16
- Five-year fixed product ERCs: 5 per cent until 31.10.16, 3 per cent until 31.10.18 then 1 per cent until 31.10.19.
Godiva Mortgages’ managing director Colin Franklin says: “Hot on the heels of our recent residential range, we are delighted to launch a range of highly competitive buy-to-let options.
“We expect our two-year fixed rate at 3.49 per cent with no arrangement fee will be very popular with borrowers looking to keep their initial costs low.
“And our Flexx for Term option at 2.69 per cent is perfect for those looking for the flexibility of unlimited overpayments with no early repayment charges.”
All buy-to-let products include a valuation up to £700 and access to Godiva’s remortgage transfer service.
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