Coventry Building Society has unveiled a new range of buy to let (BTL) mortgages.
The collection of 75 per cent loan-to-value (LTV) products include fixed and flexx for term options and are available from Friday July 13th.
Colin Franklin, sales and marketing director at the group – which is a member of the Building Societies Association – said the launch is the latest example of product innovation at Coventry .
Mr Franklin noted the collection “offers BTL investors a choice of fixed-rates for those looking for the security of regular set payments and our flexx for term range with no early repayment charges (ERC) offers ultimate flexibility”.
As a result of the portfolio update, customers can now get their hands on a 5.75 per cent flexx fixed-rate until October 31st 2017, at 75 per cent LTV with a £250 booking fee and £1,499 arrangement cost, with no ERC and unlimited over payments.
This is just one of the revised deals brought out by the organisation and Mr Franklin said the offer of fixed-rate security and no ERCs is unique for the market.
