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Mortgage Trust revamps buy-to-let range

by: Heather Greig-Smith
  • 17/10/2016
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Mortgage Trust revamps buy-to-let range
Mortgage Trust is today launching a range of fixed rate buy-to-let products at up to 80% loan-to-value (LTV).

The company said the two, three and five-year fixes are designed for landlords looking for long-term financial security and reflect the recent reduction in market rates.

They five-year fix is priced at 3.29% for up to 75% LTV, with interest coverage ratios starting at 125% at 4%. The range also includes a two year fix at 2.49% and a three-year fix at 3.10% for lending up to 75% LTV.

For lending up to 80% LTV, Mortgage Trust has introduced a two-year fix at 3.69% and a three year fix at 3.75%, neither of which has a product fee.

John Heron, director of mortgages at Mortgage Trust, said: “Market volatility following the referendum has not brought good news for everyone but with rates expected to be lower for longer we have been able to deliver one of the most competitive series of products we have offered in 20 years of buy-to-let lending.”

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