Coventry BS launches buy-to-let product

Key features of this flexible product are as follows:

* Rate fixed at 4.99 per cent until 30 September 2009

* No early redemption charges

* Free valuation

* Flexible features

* Daily interest

* £250 booking fee (payable on application)

* £1,000 arrangement fee (added on completion)

* Available up to 80 per cent loan to value

* Discounted legal fees for remortgagors

David Stewart, operations director at the Coventry said: “Our buy to let mortgages continue to attract significant interest and we think this new offer is a win win for landlords – a low interest rate, no early repayment charges, and the flexibility to make unlimited overpayments.”