Coventry Intermediaries release a 2.29% variable rate mortgage.
Coventry has announced the launch of a new range of mortgages for both residential purchase and buy to let.
Included in the lender's new range is a Flexx for Term variable rate deal for up to 65% LTV, which is on offer at 2.29% with fees of £999.
For those with a smaller deposit the same deal is on offer for up to 80% LTV at 2.65% with a £999.
For buyers with just 10% as a deposit a 2 year fixed residential mortgage is on offer at 4.25% with a £199 fee.
In addition to its new residential offerings, the lender has also added various new buy to let mortgages to its range of products.
For investment landlords with a 30% deposit the Coventry is offering a 2 year deal for 70% LTV at 3.45%.
A Flexx for Term version of this mortgage is on offer at 3.75%
If you are looking to invest in rental property or purchase a new home, now is the time to get yourself a deal as the prevailing trend is for rising rates.
Already this week we have seen lenders such as Abbey and NatWest increase their rates. With this in mind you are advised to act soon and get yourself a competitive deal while cheap mortgages remain on offer.
For a market-wide mortgage comparison, speak to one of our advisers at Deal Direct on 0800 048 8828.
