Buy-to-let mortgages reducing rates

Buy-to-let mortgage rates are very slowly coming down as the money markets free up.

This week a couple of lenders have announced reducing rates.

Godiva have announced a new variable rate through a mortgage broker of 4.59% down from 4.99%. This product is only available through a mortgage broker.

The Coventry has also being busily revamping there range and now offer a variable rate of 4.45% for the term of the buy-to-let mortgage. This is only available to a landlord who goes direct to them

COVENTRY BS MORTGAGES

VARIABLE TRACKER RATE MORTGAGE of 4.99% to 31.12.11 & VARIABLE RATE of 4.99% for term withdrawn, w.e.f. 26.11.09.

NEW VARIABLE TRACKER RATE MORTGAGE available to direct business only, for remortgage only: 4.59% to 31.2.11, max 65%, fee £1050, BBR + 4.09% to 31.12.11, with incentives of free valuation (max £670), £200 rebate or free legal fees.

NEW VARIABLE RATE MORTGAGES available to direct business only, for second time buyers & remortgage only, with no penalty payable: 4.45% for term, max 50%, fee £1050; 4.69% for term, max 65%, fee £1050 , both with incentives of free valuation (max £670), and for remortgages free legal fees or £200.

NEW FIXED RATE MORTGAGE for remortgage only, available to direct business only: 4.99% to 30.6.11, max 65%, fee£700, with incentives of free valuation (max £670), £200 rebate or free legal fees. W.e.f. 27.11.09.
27 Nov 2009.

GODIVA MORTGAGES

VARIABLE TRACKER RATE MORTGAGE of 4.99% to 31.12.11 & VARIABLE RATE of 4.99% for term withdrawn, w.e.f. 26.11.09.

NEW VARIABLE TRACKER RATE MORTGAGE available via intermediaries only, for remortgage only: 4.59% to 31.2.11, max 65%, fee £1050, BBR + 4.09% to 31.12.11, with incentives of free valuation (max £670), £200 rebate or free legal fees.

NEW VARIABLE RATE MORTGAGES available via intermediaries only, for second time buyers & remortgage only, with no penalty payable: 4.45% for term, max 50%, fee £1050; 4.69% for term, max 65%, fee £1050 , both with incentives of free valuation (max £670), and for remortgages free legal fees or £200.

NEW FIXED RATE MORTGAGE for remortgage only, available via intermediaries only: 4.99% to 30.6.11, max 65%, fee£700, with incentives of free valuation (max £670), £200 rebate or free legal fees. W.e.f. 27.11.09.


Ring 01424 205 373 or email to find out more on these products or to discuss other options. ref - PropertyHawk for No Broker Fee Offer