Landlord Centre, the buy-to-let mortgage specialist, is offering customers two new exclusive fixed-rate buy-to-let mortgages at up to 80 per cent loan-to-value (LTV).
The first product has a 3.00 per cent fixed rate until 31 May 2017 with a 2.50 per cent completion fee and the second has a 3.25 per cent fixed rate until 31 May 2017 with a £2,495 completion. Both products come with a free valuation for purchases and remortgages.
The new offers are part of the Mortgage Trust product range, which is funded by Paragon Bank PLC, a wholly owned subsidiary of Paragon Group, a provider authorised by the Prudential Regulation Authority.
Andy Young, chief executive at Landlord Centre, said:
“These new buy-to-let exclusives with Mortgage Trust are very competitive in the 80% loan-to-value bracket. Fixed rate products continue to be popular with landlords and the free valuation will be attractive to clients looking to reduce their upfront costs. The 3.25% rate with the flat completion fee will be particularly useful for landlords who require a larger loan size.
“There is more intense competition in the buy-to-let mortgage market at the moment and it is great to see Mortgage Trust offering such keenly priced rates at higher levels of lending.”
John Heron, managing director of mortgages at Paragon, commented:
“The Mortgage Trust buy-to-let proposition has a strong presence in the marketplace and it is important that we continue to adapt to the needs of UK landlords. Our special range of exclusive fixed rate products have been well received and we expect these new 80% LTV products to generate a high level of interest with landlord clients.”
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