13 Jan

New buy to let mortgages launched at 4.99 per cent

New buy to let mortgages launched at 4.99 per cent

A new buy to let mortgage has been added to Coventry's mortgage portfolio.

Earlier this week, the financial services provider announced the expansion of its collection of home loan products.

It revealed that it has added a five-year fixed-rate mortgage at loan-to-value (LTV) of 50 per cent at a rate of 4.99 per cent.

The financier has also released a five-year fixed-rate loan at 5.39 per cent for 65 per cent LTV.

Sales and marketing director at Coventry Building Society Colin Franklin said the firm is "delighted" to extend its product range.

"We expect these to be very popular amongst landlords looking for peace of mind against future interest rate rises," he commented.

This comes just a few weeks after the firm launched a market-leading two-year buy to let loan at 3.75 per cent above the Bank of England base rate for 65 per cent LTV, giving landlords the choice to take out either fixed-rate or tracker products. ADNFCR-1222-ID-800341083-ADNFCR

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