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News: Coventry hits the buy to let mortgage trail

Coventry Building Society has launched a new fixed rate buy to let mortgage under its Flexx banner - the loan charging 4.99% until September 30th 2009.

There are no early redemption charges and the loan comes with a free valuation. Borrowers will also be allowed to make overpayments.

However, there is a £250 booking fee (payable on application) and a £1,000 arrangement fee (added on completion).

Maximum LTV is 80%.

Discounted legal fees are available for remortgagors

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