Mortgage Trust launches new fixed rates

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Mortgage Trust is today launching a range of fixed-rate loans for buy-to-let purchase and remortgaging.

The range includes five-year fixes at 3.29 per cent up to 75 per cent. Interest coverage ratios start at 125 per cent at 4 per cent.

The new products also include a two-year fix at 2.49 per cent and a three-year fix at 3.10 per cent both to 75 per cent LTV.

Mortgage Trust is also introducing a two-year fix at 3.69 per cent and a three-year fix at 3.75 per cent, both to 85 per cent LTV and with no product fee.

Mortgage Trust director of mortgages John Heron says: “Market volatility following the referendum has not brought good news for everyone but with rates expected to be lower for longer we have been able to deliver one of the most competitive series of products we have offered in 20 years of buy-to-let lending.”