The two buy-to-let products begin with a 5.99% flex fixed until the end of June 2016, available at up to 75% LTV with no arrangement fee and no early repayment charges.
Coventry will also introduce a 5.49% fixed until the end of June 2016, available at up to 75% LTV with an 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.”
“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.”
