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Coventry Building Society – 5.99% Flexx Buy-to-Let

Coventry Building Society

5.99% Flexx Buy-to-Let

Type: Flexible variable rate buy-to-let mortgage
Variable rate: No more than 2% above SVR for the life of the loan

Payable rate: 5.59%

Minimum loan: 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 300,000

Income multiples: Rental income must be at least 130% of mortgage repayments

Conditions: Available only for the simultaneous purchase, remortgage or transfer of between two and five properties with an aggregate value of up to 1m, one free mortgage valuation up to 680, discounted legal fees for remortgages if the societys solicitors are used

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

Arrangement fee: 250 for each property

Redemption fee: None

Introducers fee: Subject to negotiation

Tel: 0845 757 3612

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