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Coventry Intermediaries – Godiva Mortgages Buy-To-Let 3.75% Fixed Rate to 31.03.14

Coventry Intermediaries – Godiva Mortgages Buy-To-Let 3.75% Fixed Rate to 31.03.14

Type: Fixed rate buy-to -let mortgage

Fixed term: Until March 31, 2014

Fixed rate: 3.75%

Minimum loan: £25,000

Maximum loan: Up to 65% of valuation subject to maximum of £1m

Income multiples: Rental income must be at least 125% of the mortgage repayments

Conditions: Capital repayments of up to 5% a year allowed without penalty in the fixed-rate period, one free valuation up to £700, 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: £2,249 plus £250 booking fee

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Subject to negotiation

Tel: 0845 7573612

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