Godiva slashes buy-to-let tracker rate
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Godiva Mortgages has slashed the pay rate on its two-year buy-to-let tracker by 0.5 per cent, to base rate plus 3.35 per cent.
The Coventry Building Society subsidiary will offer the product with a maximum loan-to-value of 60 per cent and comes with a fee of £1,050.
Legal fees are included for those remortgaging and a valuation of up to £680.
Coventry has also today launched two Flexx Fixed products, fixed rate mortgages available that allow borrowers to overpay as much as they like with no penalty.
The range includes a 3.99 per cent 2 Year Flexx Fixed Rate with a loan to value of 65 per cent and a 4.49 per cent 3 Year Flexx Fixed Rate with a loan to value of 75 per cent.
Godiva Mortgage managing director Colin Franklin says: “With interest rates at a historic low, many people are using this opportunity to overpay on their mortgage, and in some cases, become mortgage free many years earlier than they expected. We’ve designed our flexx fixed range to allow them to continue doing this whilst benefiting from the security a fixed rate product offers.”
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Readers' comments (1)
martinageo | 26 Nov 2010 10:48 am
I appreciate the concern which is been rose. The things need to be sorted out because it is about the individual but it can be with everyone.The initiative taken for the concern is very serious and need an attention of every
one. This is the concern which exists in the society and needs to be eliminated from the society as soon as possible.
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Mortgage Uk
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