Coventry buy-to-let mortgage launched

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Coventry buy-to-let mortgage launched

Coventry Building Society has announced it is launching a new buy-to-let mortgage, ready to compete with the best on the market.

The mortgage comes with many key features including a fixed rate of 4.99 per cent until September 30th 2009 and no early redemption charges.

David Stewart, operations director at Coventry, said: "Our buy to let mortgages continue to attract significant interest and we think this new offer is a win win for landlords – a low interest rate, no early repayment charges, and the flexibility to make unlimited overpayments."

Other features include a free valuation and daily interest.

Buyers can take out up to 80 per cent of the loan to value and for remortgagors, discounted legal fees are available.

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