22 Mar

New buy-to-let mortgage products 'offering greater flexibility'

New buy-to-let mortgage products 'offering greater flexibility'

A new range of property loans available for buy-to-let investors through Godiva Mortgages will offer people greater flexibility, the firm has claimed.

It is releasing a series of products, including one three-year fixed-rate mortgage at 5.35 per cent.

The organisation claimed that its loan is the only one of its kind that is available without early repayment charges.

According to managing director of the business Colin Franklin, the mortgage may appeal to those keen to minimise the impact of possible interest rate rises in coming months.

While the base rate remains at 0.5 per cent following the Bank of England Monetary Policy Committee's decision to leave it unchanged this month, it is widely expected that increases will occur as the economy regains momentum.

Mr Franklin stated: "[The product] is perfect for customers looking to protect themselves from potential rate rises, whilst having the flexibility to make unlimited overpayments without penalty."

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