Coventry Intermediaries - Godiva Buy-To-Let Flexx Fixed - 75% LTV

5 January 2012 0:27 am

Type: Flexible fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2017

Fixed rate: 5.35%

Minimum loan: £25,001

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000, up to 50% of valuation subject to a maximum of £1m

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated on an interest-only basis

Conditions: One free valuation up to £700, free remortgage transfer service, up to three properties allowed with the Coventry Building Society group, up to 10 properties allowed with all lenders

Flexible features: Overpayments, payment holidays of up to three months a year, interest calculated daily

Arrangement fee: £999 plus £250 booking fee

Redemption fee: £125 admin fee on full redemption in the fixed-rate period

Introducer’s fee: Subject to negotiation

Tel: 0845 757 3612

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