Mortgage Trust enhances its market offering

Mortgage Trust, the specialist buy-to-let lender, has developed suite of products to enhance its mass market offering.

Along withcompetitive rates none of the products have extended tie-ins and all enjoy full flexibility.

The Mortgage Trust mass market range is available to a broad spectrum of buy-to-let investors including limited companies and expatriates, and boasts a rental income calculation requirement of 125% of a 5% reference rate.

The 5.05% rate is fixed until January 31 2007. It has a flat arrangement fee of 599 and up to 85% LTV.

The 5.35% rate is fixed until January 31 2009. It also has a flat arrangement fee of 599 and up to 85% LTV.

There is a two year discount current pay rate set at 5.24%, with a flat arrangement fee of 599 and up to 85% LTV.

There is a three year discount current pay rate set at 5.39%, with a flat arrangement fee of 599 and up to 85% LTV.

The 5.74% lifetime tracker, tracks 3m LIBOR + 1.15% for life. It has an arrangement fee of 499 and up to 85% LTV.

The 6.09% lifetime tracker, tracks 3m LIBOR + 1.50% for life. It has an arrangement fee of 499 and up to 85% LTV. There are no early repayment charges on this product.

Austin Jelfs, head of sales at Mortgage Trust, says: Following the launch of our new MT Select range, we felt it was extremely important that borrowers with tailored lending and flexibility requirements were also able to enjoy up-to-the-minute products with highly competitive rates and features.

“These products provide low rates to investors with a whole range of needs; from those who wish to utilise the benefits of flexibility, to those who prefer to hold their properties in limited companies, or who are planning to let their property to their local authority.