22
Mar
New buy-to-let mortgage products 'offering greater flexibility'
A new range of property loans available for buy-to-let investors
through Godiva Mortgages will offer people greater flexibility, the
firm has claimed.
It is releasing a series of products, including one three-year
fixed-rate mortgage at 5.35 per cent.
The organisation claimed that its loan is the only one of its kind
that is available without early repayment charges.
According to managing director of the business Colin Franklin, the
mortgage may appeal to those keen to minimise the impact of
possible interest rate rises in coming months.
While the base rate remains at 0.5 per cent following the Bank of
England Monetary Policy Committee's decision to leave it unchanged
this month, it is widely expected that increases will occur as the
economy regains momentum.
Mr Franklin stated: "[The product] is perfect for customers looking
to protect themselves from potential rate rises, whilst having the
flexibility to make unlimited overpayments without penalty."
