Mortgage Trust launches new range of buy-to-let deals
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Mortgage Trust has launched six new products available exclusively via intermediaries for purchase and remortgage, and include tracker rates starting from 4.30% and fixed rates starting from 4.89%.
In addition, Mortgage Trust has launched two Rapid Remortgage deals, which have a 1% fee and free legals and valuation.
These deals include a 3.99% two-year tracker and a 4.99% two-year fixed, both at 75% LTV. The deals must be completed by July 29 2011.
The buy-to-let mortgage product range includes:
- two-year fixed at 4.89%, up to 65% LTV
- two-year fixed at 4.99%, up to 70% LTV
- two-year fixed at 5.09%, up to 75% LTV
- two-year tracker at 4.30%, up to 65% LTV
- two-year tracker at 4.40%, up to 70% LTV
- two-year tracker at 4.50%, up to 75% LTV
For its rapid remortgage range it has launched a two-year tracker at 3.99%, up to 75% LTV and two-year fixed at 4.99%, up to 75% LTV.
The products are available for single, self-contained properties only. The product fee across the range is 1.75%, 1% on the Rapid Remortgage range and the rental calculation is based on 125% at 5%, or the product rate if greater.
Mortgage Trust, which is a sister brand to Paragon Mortgages and part of The Paragon Group of Companies, returned to buy-to-let lending in April.
John Heron, managing director of Mortgage Trust, says: “These products offer attractive rates and criteria and we are confident they will appeal to intermediaries and landlords from across the spectrum. We have been pleased with the strong response to Mortgage Trust’s return to the market in April and believe these products will cement Mortgage Trust’s position as a major brand in the buy-to-let market.”
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