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Coventry Building Society – 5.89% Flexx Fixed

Coventry Building Society

5.89% Flexx Fixed

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

Fixed term: Until March 31, 2010

Fixed rate: 5.89%

Minimum loan: £25,001

Maximum loan: Up to 85% of valuation subject to a maximum of £1m

Income multiples: Loans over 65% of valuation – rental income must be at least 100% of mortgage repayments, loans of 50- 65% of valuation – rental income must be at least 120% of mortgage repayments

Conditions: Free valuation, free remortgage transfer service, up to 10 properties allowed within a total maximum of £2m

Arrangement fee: £749 plus £250 booking fee

Redemption fee: None

Introducer’s fee: Subject to negotiation

Tel: 0845 7573612

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