Coventry for Intermediaries has increased its maximum loan-to-value (LTV) across its buy-to-let range to 75%.
The lender also has a selection of Flexx Fix options offering greater flexibility for buy-to-let borrowers.
There are also product transfer options available for existing customers with LTVs up to 75% LTV for buy-to-let.
A growing number of investors are potentially preparing for what they believe could be a good opportunity to buy property at bargain prices.
The volume of online mortgage searches increased 15.15% in the week ending 25 April, compared to the previous week, with buy-to-let representing a quarter of all searches.
Buy-to-let’s share is 24.49% of all searches over the past week, up from the long-term average of 19.78%, according to research by mortgage technology provider Twenty7Tec.
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Godiva (also Coventry), have not passed on any of the 0.65% rate cut as their mortgages aren’t linked to the BoE Base Rate; strange how they rise in line with it when it goes up though....
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