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Coventry Building Society – Buy To Let + 0.55% Base Rate Tracker

Type: Buy-to-let tracker mortgage

Tracker term: Until September 30, 2009

Tracker rate: 0.55% above Bank of England base rate

Payable rate: 5.05

Minimum loan: 1,500

Maximum loan: Up to 85% of valuation subject to a maximum of 300,000, up to 80% of valuation subject to a maximum of 350,000, up to 75% of valuation subject to a maximum of 500,000

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

Conditions: One free valuation up to 680, free or discounted legal fees for remortgages

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

Arrangement fee: 475 plus 250 booking fee

Redemption fee: None

Introducers fee: Subject to negotiation

Tel: 0845 757 3612

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