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Coventry Intermediaries Cuts Rates by 0.10% on Highly Competitive Buy to Let Range of 2 and 5 Year Fixed Rate Mortgages

Apr 8 2013 12:00AM

Marketwire

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LONDON, UNITED KINGDOM -- (Marketwired) -- 04/08/13 -- This news release is for the use of journalists only.

Coventry Intermediaries has reduced rates on its highly competitive range of BTL 2 and 5 year fixed rates available at 65% LTV with low rates starting from 3.19%. Available from Friday 5th April highlights include;

-- 3.19%, reduced from 3.29%, 2 Year Fixed Rate until 30.04.15, 65% LTV GBP 250 booking fee with GBP 1749 arrangement fee and early repayment charges of 3% of balance until 30.04.15-- 3.39%, reduced from 3.49%, 2 Year Fixed Rate until 30.04.15, 65% LTV GBP 250 booking fee with GBP 999 arrangement fee and ERCs of 3% of balance until 30.04.15-- 3.99%, reduced from 4.09%, 5 Year Fixed Rate until 30.04.18, 65% LTV GBP 250 booking fee with GBP 1,749 arrangement fee and ERCs of 3% of balance until 30.04.18-- 4.19%, reduced from 4.29%, 5 Year Fixed Rate until 30.04.18, 65% LTV GBP 250 booking fee with GBP 999 arrangement fee and ERCs of 3% of balance until 30.04.18



Colin Franklin, Managing Director, Godiva Mortgages, said: "Our highly competitive range of 2 and 5 year fixed rate BTL mortgages have just got even better, as we have cut rates by 0.10%. So borrowers looking for the security of a fixed rate for 5 years can now do so at the highly competitive, low rate of just 3.99%. We offer a choice of fee structures and don't forget, all products include a valuation up to GBP 700 for BTL and access to our remortgage transfer service."

Full details of the new products are attached.

----------------------------------------------------------------------------Coventry BS Current The overall Max Fees and ERC Rate cost for LTV incentives comparison is----------------------------------------------------------------------------Buy to Let 3.19% 4.7% APR 65% Booking Fee: GBP 250 3% of the3.19% Fixed Arrangement Fee: balance to to 30.04.15 GBP 1,749 30.04.15Followed by Valuation up to GBP 700 standard included variable Remortgage Transfer rate for the Service included remainder of the mortgage, currently at 4.74%----------------------------------------------------------------------------Buy to Let 3.39% 4.7% APR 65% Booking Fee: GBP 250 3% of the3.39% Fixed Arrangement Fee: balance to to 30.04.15 GBP 999 30.04.15Followed by Valuation up to GBP 700 standard included variable Remortgage Transfer rate for the Service included remainder of the mortgage, currently at 4.74%----------------------------------------------------------------------------Buy to Let 3.59% 4.7% APR 65% Booking Fee: GBP 250 3% of the3.59% Fixed Arrangement Fee: balance to to 30.04.15 GBP 250 30.04.15Followed by Valuation up to GBP 700 standard included variable Remortgage Transfer rate for the Service included remainder of the mortgage, currently at 4.74%----------------------------------------------------------------------------Buy to Let 3.99% 4.7% APR 65% Booking Fee: GBP 250 3% of the3.99% Fixed Arrangement Fee: balance to to 30.04.18 GBP 1,749 30.04.18Followed by Valuation up to GBP 700 standard included variable Remortgage Transfer rate for the Service included remainder of the mortgage, currently at 4.74%----------------------------------------------------------------------------Buy to Let 4.19% 4.7% APR 65% Booking Fee: GBP 250 3% of the4.19% Fixed Arrangement Fee: balance to to 30.04.18 GBP 999 30.04.18Followed by Valuation up to GBP 700 standard included variable Remortgage Transfer rate for the Service included remainder of the mortgage, currently at 4.74%----------------------------------------------------------------------------



For more information mortgage introducers should telephone the central intermediary support team on 0845 757 3612 (available Monday to Friday, 9.00am to 5.00pm) or log onto www.coventryintermediaries.co.uk.

Your home may be repossessed if you do not keep up repayments on your mortgage.



Contacts:
Press Office
0870 607 7727
media@thecoventry.co.uk
We monitor and record phone calls.





Source: Marketwire


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