Godiva reduces buy-to-let tracker

Previously this product was available at +3.85% above base for two years, and has now been cut to +3.35%.

The new product details are as follows:

• +3.35% base rate tracker until 30.06.12
• Maximum of 60% loan to value
• Competitive fees of £1,050
• Legal work for remortgagors and a valuation up to £680 included

Colin Franklin, managing director of Godiva Mortgages, said: "We are delighted to launch this new buy-to-let base rate tracker - it is perfect for customers looking to take advantage of historically low interest rates.

"With competitive fees of £1,050 and legal work included for remortgagors, we are confident that introducers will find our new buy to let base rate tracker to be a popular choice for clients.”