Godiva reduces rates

Both Godiva and it's parent company the Coventry BS have chopped their variable rate term buy-to-let mortgage.

The rate has been reduced from 4.65% to an impressively low 3.99%. The fee for this buy-to-let mortgage is £1749 but the mortgage comes with an incentive package of a free valuation up to a maximum of £680. Godiva also offers free legal fees for landlords who use this product to remortgage.

The downside with this buy-to-let mortgage is only available up to 50% LTV which means landlords need a sizeable deposit.

Emoneyfacts rates gives the mortgage a 4 star rating.

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