We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Coventry cut BTL Mortgage Rates
pickles110564
Posts: 2,374 Forumite
Good news recieved in the Post today, Coventry Building Society have cut BTL Mortgage rates again.
Some of the rates are now at 2.05%.
Roll on February!
Some of the rates are now at 2.05%.
Roll on February!
0
Comments
-
Just what you were waiting for!
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
On the flexx product they gave I think - 0.25%.
New rate is 4.54%.
If it stayed like that or lower for a reasonably long time I would be happy BUT somehow I think we are all going to start seeing rate rises sooner than most think.
Then again what do I know - as my ex-wife keeps tells me!0 -
woohoo, more dosh in my pocket, more dosh in the taxman's. Oh well can't win em all.
(not got my letter yet
) 0 -
It's a good time tenants. Landlords having a little extra money are more likely to complete those repairs in good time.
Since April I have spent considerably on the heating system replacing old night storage heaters. This will reduce my tax bill next January. This year I plan to replace some of the double glazing but I need to confirm that these are not covered by the 10% wear and tear allowance before I decide how much to spend. New carpets, oven, hob and window blinds may also be added but these are covered by the 10% allowance.
Happy days for tenants?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
I like your twist on the subject. Happy days for your tenants GG, hehe. If only all landlords were like you, I guess, we wouldn't get such a bad name.
I had the same opinion as socrates, rates could rise sooner than we think. Those Flexx products were very good, makes fixing easier when the time is right. Now could anyone tell me when that is? :rolleyes: That's my plan anyway.
So what are all your future plans on the flexx mortgages or any BTL mortgage with good LTV's? Sit on it or looking to change?
Will be looking to adding more properties in hopefully the near future too.0 -
I just purchased a carbon monoxide detector and a vax for my tenants
And going to get damp course sorted 0 -
Would not touch anything unless there is a 10% yield0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards