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Home arrow Finance Update arrow Building Societies cut rates for buy to let mortgages

Building Societies cut rates for buy to let mortgages

Friday, 28 September 2012

Coventry Building Society has refreshed it's range of buy to let mortgages which includes a legal and valuation package for remortgages, as well as reducing rates on it's popular Flexx for term products by up to 0.24%.

 

‘For buy to let investors looking for ultimate flexibility, there has never been a better time to remortgage with the Coventry,’ said the firm’s sales and marketing director Colin Franklin.

Rates on the Flexx for Term mortgage are cut from 5.49% to 5.25% and the new range also offers investors a choice of competitively priced two and five Year Fixed products, starting from 4.05% at 70% LTV, many with no ERC's.

All products include a valuation up to £700 and access to the firm’s remortgage transfer service.

Skipton Building Society has reduced the interest rates on a selection of its buy to let mortgages by 0.10%.
 
‘We're constantly monitoring the marketplace and adjusting our products and interest rates to ensure they remain among the most attractive available,’ said Kris Brewster, Skipton's head of products.

‘We continue to experience strong demand from property investors and are delighted to be able to seize an opportunity to make our buy to let product rates even more competitive,’ he added.

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