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Mortgage Trust launches fixed rate deal at 5.99%

Mortgage Trust has launched its latest fixed rate product with a rate of 5.99% fixed until September 30 2005.

The rental calculation is based on the fixed rate and the product has a maximum LTV of 85% with no early redemption charges applicable beyond the fixed rate duration. Mortgage Trust says the product is ideal for property investors looking for the certainty of a low rate for a set period.


Mortgage Trust also charges no MIG and offers full flexibility 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: “In a volatile interest rate environment this fixed rate product enables borrowers to stabilise their mortgage payments for a guaranteed period regardless of rate changes. In addition, the rental calculation based on the fixed rate provides the degree of extra scope often needed by today&#39s investor, whist still ensuring they are well within affordability constraints.”


Brokers say key worker scheme fails London buyers

Brokers have criticised the government&#39s key worker living scheme, arguing that it does not go far enough to help key workers meet the inflated property prices of the South-East. The scheme offers several options including equity loans of up to £50,000 to help key workers buy a home on the open market or a new […]

Lunch please, but hold the volume override

Just how many freebies and extra services is a principal allowed to tempt you with before it becomes guilty of offering inducements? Does a trip to the races count, or throwing in a free sourcing system as part of your membership package? What about so-called &#39volume overrides&#39, which encourage you to submit a certain amount […]

I&#39m over the moon about football charity effort

From Alan ClearyFollowing up on last week&#39s &#39The Mortgage Premiership&#39 feature, I am writing to congratulate the winning broker team, &#39We&#39re Never Satisfied&#39, who deservedly won the match 5-4 on penalties, trouncing my overweight and under-skilled lender team. I&#39m sure all Mortgage Strategy readers could tell by the forlorn look on my face that we […]

BMS aims to show how online services can help

BM Solutions has launched its &#39Owl&#39 campaign, which aims to highlight the role of online services in meeting the compliance burden The company says it is one of the few lenders in the market to have announced its plan to offer a fully compliant and guaranteed KFIs. The campaign, which includes advertising and direct mail […]


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