Mortgage Trust has expanded its buy-to-let product range with the launch of 18 new deals. The range includes nine fixed rate and nine tracker rate products. The new products are exclusively available via intermediaries for purchase and remortgage, and include some of the lowest rates in the buy-to-let market, with tracker rates starting from 3.69 […]
Mortgage Trust has expanded its buy-to-let product range with the launch of 18 new deals. The range includes nine fixed rate and nine tracker rate products.
The new products are exclusively available via intermediaries for purchase and remortgage, and include some of the lowest rates in the buy-to-let market, with tracker rates starting from 3.69 per cent and fixed rates starting from 4.29 per cent. The products include a range of LTVs (75 per cent, 70 per cent and 65 per cent) and fees (2.5 per cent, 1.0 per cent and a flat fee of £1,495) to ensure that intermediaries can find the best product combination for their landlord clients.
John Heron, Mortgage Trust managing director, said: “Mortgage Trust returned to lending in April and we have secured a strong position back in the buy-to-let market in this short space of time. The launch of eighteen new products will appeal to an even broader spectrum of landlords and intermediaries, providing support to the growing needs of the private rented sector.
“We are offering intermediaries a range of product choices, LTVs and fees so that they can find the most suitable combination for their landlord client. Intermediaries should consider the overall package of the product when searching via sourcing systems, rather than just the headline interest rate. Often, a product with a low or flat fee and a slightly higher initial rate can work out cheaper over a two-year period than products that head the best buy tables.”
