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Coventry launches capped tracker buy-to-let deal


Coventry Intermediaries is launching a buy-to-let capped tracker deal.

From tomorrow the lender is offering a two-year rate at 3.80 per cent, base rate plus 3.3 per cent, capped at 5.3 per cent until 2014 up to 65 per cent LTV.

It also comes with a £250 booking fee and £999 arrangement fee, valuations up to £700 are included.

Godiva Mortgages managing director Colin Franklin says: “Our latest buy-to-let product is another great example of product innovation here at the Coventry, as there are no other capped tracker products on the market for buy-to-let investors – this is simply unique.

“Tracking the base rate at plus 3.3 per cent gives a highly competitive rate of 3.8 per cent for two years. And, in addition to buy-to-let investors will also have the security of a cap, so if the base rate does increase within the two-year period, their rate will not rise above 5.3 per cent.”



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ARM receives 11 restructure proposals

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FTSE blog: European markets fall sharply

European stocks fell sharply in morning trades on Wednesday ahead of the European Union Summit and more concerns that Greece could leave the euro. At 14.33, the FTSE 100 was down 1.7 per cent to stand at 5310.31. The German Dax and the French Cac 40 were also down 1.4 and 1.8 per cent respectively. […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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