The lender stopped lending in 2008, following Paragon Mortgages’ departure from the market.
Mortgage Trust is set to continue lending to the mainstream market including small scale landlords looking to purchase single properties.
The products in its new range include a two-year tracker at 3.99% and a two-year fixed at 4.99%. Both products are available up to a maximum loan-to-value (LTV) of 75% and have a fixed fee of £999 and come with free valuation and legal fees.
The deals are available exclusively to intermediaries, through a newly launched website which provides a streamlined application process.
John Heron, director of mortgages, said: “Mortgage Trust will have a strong focus on the less complex buy-to-let products in the market, which Paragon does not cater for in the same way.”
He added: “By utilising technology to a much greater extent in the application process, we will be giving an initial lending decision in minutes. This will deliver a quicker and more efficient process for intermediaries and their landlords.”
