Rate reductions within Godiva BTL range

Coventry Intermediaries has reduced rates and fees on certain Godiva buy-to-let products.

It is now offering a two-year fix at 4.30%, down from 4.49%. It is available at 65% LTV, with a £250 booking fee but no arrangement fee. Alternatively, it is available at 3.99%,with a £749 arrangement fee (reduced from £1,249).

At 4.49% (reduced from 4.75%) is a Flexx for Term deal, again at 65% LTV. It comes with a £250 booking fee, no arrangement fee and no ERCs.

It has also launched a number of new products for residential and offset borrowers.

Colin Franklin (pictured), managing director, Godiva Mortgages, said: “Hot on the heels of our recent residential rate cuts, we have now reduced our prices even further.

“We have lowered our rates and arrangement fees on selected two-year fixed and Flexx for term buy-to-let mortgages, making our new range even better. So investors no longer have to choose between a low rate and a small upfront fee – they can have both.”