Coventry launches new 5 year fixed rate buy to let mortgages

The Coventry Building Society is extending its Buy to Let range, with two new 5 year fixed rate deals at 75% LTV.

Buy to Let Mortgages

5.99% Flexx Fixed until 30.06.16, 75% loan to value with no arrangement fee and no ERC's

5.49% Fixed until 30.06.16, 75% loan to value, arrangement fee of £2999.

Colin Franklin, Sales and Marketing Director, Coventry Building Society said: "With uncertainty over when interest rates will move and by how much, many Buy to Let investors are looking for both flexibility and security - our new five year fixed rate deals are perfect.

For borrowers looking for low upfront costs and the flexibility of no ERC's our 5.99% Flexx Fixed mortgage is ideal. And for investors looking to borrow a larger sum, our lower rate of 5.49% with a one off fee offers great value. We are confident that our new extended BTL mortgages will mean that even more Buy to Let investors will be able to find the right mortgage for them with the Coventry."