BTL MORTGAGE PRODUCT PICK

Well, there are so many choices this week, I can hardly contain myself. Still - here's just two from our good friends at BM Solutions and an aggressive new rate from Coventry/Godiva:

BM Solutions
Interest rate: 4.60%
LTV: 75%
Product Detail: 2 year tracker
Arrangement Fee: 2.75%
Early Redemption Penalties: 3% for 2 years.
Our thoughts: A reduced 2 year tracker rate from BM. Nice.

And this in particular is one to watch - out Friday.

Godiva
Interest rate: 4.75%
LTV: 70%
Product Detail: Variable rate
Free valuation
Arrangement Fee: £250 upfront: £800 added to the loan
Early Redemption Penalties: None
Our thoughts: Great for high valuation properties; also gives you the flexibility to sell without early redemption penalties. Superb then, for a quick buy to sell.

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