View more on these topics

Mortgage Trust lauches select range for B2L investors

Mortgage Trust, the specialist buy-to-let lender, has launched an exceptional range of products under its MT Select brand.

Available exclusively through MT Select packager members, these new products not only boast extremely competitive rates but also assess rental income on 125% of the product rate, providing buy-to-let investors with the option for optimal gearing.

The new MT Select products include: a 4.55% rate, fixed until 31/01/09, with no extended tie-in period, 85% LTV and a 1.5% arrangement fee; a 4.59% rate, fixed until 31/01/08, with a flat arrangement fee of 599 and 85% LTV; a 4.89% rate, fixed until 31/01/08, with a flat arrangement fee of 599, no extended tie-in period and 85% LTV; a 5.18% rate, with 3 year discount, a low arrangement fee of 499 and 85% LTV; and a 5.32% lifetime tracker, with an arrangement fee of 0.50% and 85% LTV.

Austin Jelfs, head of sales, says: Our new MT Select range consists of some terrific products and we are extremely excited to be launching them to the buy-to-let market. Whether investors are looking for fixed rate products, discounts, low arrangement fees, no tie-ins or low rates, this MT Select range has something for every buy-to-let investor.

Recommended

Oh dear, the economy is interesting again

The fact the monthly meetings of the Monetary Policy Committee are usually boring is a tribute to the system used to set interest rates since 1997. Many Conservatives envied Gordon Brown’s panache when, within days of Labour’s coming to office, he gave independence to the Bank of England to set the interest rates to meet […]

MEX takes drastic action to resolve service problems

Mortgage Express is reassuring brokers that it is working to solve its service problems, saying it has taken drastic action to tackle the situation. Although it admits to having had service problems over the past few weeks, it says it has been honest with brokers and is focussing all its efforts on solving the problem. […]

Growing concern

House prices in Wales have risen by twice the UK average in the past year but this trend has slowed in more recent months, with some believing the Welsh housing market could be heading for a prolonged period of stagnation, says Harvey Jones

Webline boost

Webline, the UK’s largest online user of Origo standards, says national investment adviser Edward Jones has selected the portal to provide a white-labelled service to its 90 plus branches.

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.

Newsletter

News and expert analysis straight to your inbox

Sign up