The rate cuts come soon after the society issued a £1.1bn securitisation and follows a decision to reduce rates on their residential range last month.
It is now offering a new range of deals on its Godiva buy-to-let range, including:
• 4.30% – reduced from 4.49% – two-year fixed rate, up to 65% LTV, with a £250 booking fee and no arrangement fee.
• 3.99% two-year fixed rate, up to 65% LTV, with a £250 booking fee and £749 arrangement fee – reduced from £1,249.
• 4.49% – reduced from 4.75%, Flexx for Term, up to 65% LTV, with a £250 booking fee with no arrangement fee and no ERCs.
Colin Franklin, managing director of Godiva Mortgages, (pictured) said: “Hot on the heels of our recent residential rate cuts, we have now reduced our prices even further.
“We have lowered our rates and arrangement fees on selected two-year fixed and Flexx for term BTL mortgages, making our new range even better. So investors no longer have to choose between a low rate and a small upfront fee – they can have both.”
