The buy-to-let lender, part of specialist buy-to-let lender Paragon, has included two, three and five-year fixes between 65% and 80% loan-to-value (LTV) in its refreshed range. It added that funds are limited on these fixed rates so landlords will need to act fast to secure the products.
The new range includes a 2.99% two-year fixed rate with a £495 fee at 65% LTV and a 3.85% three-year fixed rate with no fee at 75% LTV. At 80%, landlords can access a 4.45% two-year fixed rate with no fee and at 75% borrowers can secure a rate of 4.39% fixed for five years for a £495 fee.
John Heron (pictured), managing director of Mortgage Trust, said: “The strength of our funding position has allowed us to deliver our most competitive product range to date. We are competing more broadly in terms of both LTV and range of term.
“The new products complement our recently revised core Paragon Mortgages range, which caters for more complex propositions.”
