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Coventry Intermediaries shakes up buy-to-let offering

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  • 11/07/2012
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Coventry Intermediaries shakes up buy-to-let offering
Coventry Intermediaries is set to refresh its mortgage range, with a number of new buy-to-let products available from Friday.

A pair of five-year fixed rate deals are available for up to 75% loan-to-value (LTV) from the mutual, available at 5.60% with a £1,499 arrangement fee or 5.80% with a £749 arrangement fee.

Two fixed-rate deals from its Flexx range also change. A 5.75% mortgage up to 75% LTV is available with a £1499 arrangement fee while a rate of 5.99% comes with a £749 arrangement fee.

Two further Flexx deals are offered for term, both at 75% LTV, which offer a rate of 5.49% with a £1499 arrangement fee and 5.79% with a £749 fee.

A £250 booking fee applies to all products.

Colin Franklin, managing director of Godiva Mortgages, said: “Our latest BTL product range is another great example of product innovation here at Coventry Intermediaries.

“Our new range offers BTL investors a choice of fixed rates for those looking for the security of set monthly payments and our Flexx for Term range with no ERCs offers ultimate flexibility. And for investors looking for the best of both worlds, our Flexx Fixed products are ideal.

“Offering the security of a fixed rate with no ERCs, these products are simply unique. Available up to 75% LTV and with a choice of fee structures, we expect our new range to be very popular. BTL investors should act now as this highly competitive range won’t be available for long.”

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