You are here: Home - News -

Mortgage Trust launches 18 buy-to-let deals from 3.69%

by:
  • 12/07/2011
  • 0
Mortgage Trust launches 18 buy-to-let deals from 3.69%
Mortgage Trust has expanded its buy-to-let range, by launching 18 deals with interest rates from 3.69%.

The range includes nine fixed rate and nine tracker rate products for purchase and remortgage, available exclusively through intermediaries.

Deals include two-year trackers at 3.69% up to 65% LTV and 3.89% up to 75% LTV, both with a 2.5% fee.

In addition, its two-year tracker range up to 75% LTV includes rates of 4.50% with a 1.5% fee or flat fee of £1,495. Two-year tracker deals up to 70% LTV start from 3.79% with a 2.5% fee, 4.40% with a 1% fee and 4.40% with a flat fee of 1,495.

Mortgage Trust’s two-year fixed rate mortgages are available up to 75% LTV at 4.49% with a 2.5% fee, 5.24% with a 1% fee and 5.24% with a flat fee of £1,495.

In addition, it is offering fixed rate deals up to 70% LTV at 4.39% with a 2.5% fee, 5.14% with a 1% fee and 5.14% with a flat fee of £1,495.

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.”

Heron said that the launch of the products will appeal to a broader spectrum of landlords and intermediaries, so that they can find the most suitable combination for their landlord client.

He added: “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.”

There are 0 Comment(s)

You may also be interested in