Mortgage Trust has been appointed to the Legal & General mortgage club panel.
The partnership is marked by the launch of a buy-to-let rate, exclusive to Legal & General mortgage club members of 5.39% fixed until June 30 2007. The rental income is calculated on the fixed rate.
Mortgage Trust offers up to 85% LTV and full flexibility on the product giving investors the opportunity to save for further property purchases or budget for rental voids and maintenance costs.
Austin Jelfs, head of sales and marketing at Mortgage Trust, says: “We are extremely excited to have secured a place on the celebrated L&G mortgage club panel. The club is growing rapidly, and this is a huge opportunity for Mortgage Trust to expand its distribution.”