A range of products with no ERC (early repayment charge) has been launched by specialist buy-to-let lender Mortgage Trust for the month of January only.
There is a limited quota of products in the range, which is made up of a two year tracker at 3.8 per cent available with a £995 product fee and a 4.25 per cent two year tracker with no product fee.
Both of the new products are suitable for purchase and remortgage, come with free valuation and a fee of £150 applies.
John Heron, director of mortgages, said: “We offered a pilot product with no ERC back in November and had a very positive response, and whilst research has indicated that those landlord customers have no particular plans to redeem early, they do seem to value the flexibility these products offer.
“This is the first new range of the year, and we will continue to refresh our product range over the coming months, ensuring that we remain highly competitive at a time when we expect significant growth in the buy-to-let market.”
To secure one of the limited quota products, the £150 administration fee must be paid at the time of the online application submission.
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