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Precise Mortgages and Coventry launch buy-to-let products

by: Samantha Partington
  • 08/08/2014
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Precise Mortgages and Coventry launch buy-to-let products
Precise Mortgages has launched two prime buy-to-let products at 80% loan-to-value (LTV) while Coventry has focused on landlords with larger deposits releasing products up to 65% LTV.

At 80% LTV Precise is offering 3.5% on a two-year tracker with a 2.5% fee, 3.95% with a free of 2% and 4.15% with carries a fee of 2.15%.

A two-year fixed rate product, with a range of fee options, is available at 4.09% with a fee of 2.5%.

Alan Cleary, managing director for Precise Mortgages, said: “We hope that these products help mortgage intermediaries do more business over the traditionally slower holiday period.”

Coventry Building Society is offering a 2.55% term variable rate at 65% LTV and a two-year fixed rate of 2.75%. Both products are part of Coventry’s Flexx range and carry a £250 booking fee and a £1,749 arrangement fee.

Colin Franklin, managing director of Godiva Mortgages, said: “These new products underline the strength of Coventry Intermediaries buy-to-let range.”

 

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