The buy-to-let specialists, part of the Paragon Group have, restructured rates including limited quota options. The updates come as CML data points to an increasing demand in the buy-to-let market.
John Heron (pictured) managing director of Mortgage Trust said: “CML data indicates that the buy-to-let market has seen some solid growth this year, which continues to be underpinned by strong tenant demand.
“Nevertheless, the strong credit quality of buy-to-let lending has continued to draw in competitors, so we have updated our range to make sure that Paragon and Mortgage Trust products remain well positioned in the market in the run-up to the year-end, which traditionally has always been a competitive time in the market.”
Mortgage Trust will now offer customers with an 80% loan-to-value (LTV) two-year fixes at 3.99% and 4.5%. Two-year trackers will be available at 4.20% on an LTV of 75% and 3.65% on an LTV of 80%. The limited quota range also includes a fee of £499.
Yesterday, Nationwide said it was reducing selected three-year fixed rate mortgages for existing customers looking for a new deal. This came a week after the company announced it was making similar reductions for customers with five-year deals.
