Buy to Let
Mortgage Trust boosts fixed rate range
Buy-to-let landlords looking to fix their mortgage deal for a longer period can now access a new range from Mortgage Trust.
The specialist lender caters to buy-to-let investors with smaller portfolios and has launched a number of new two-, three- and five-year fixed deals.
This includes options at 65%, 75% and 80% LTV.
These new products include three-year fixed rate mortgages at 75% LTV with an initial rate of 3.25% with a 2% fee, or 3.65% with a £999 fee.
Mortgage Trust’s range of products include free valuation but a £150 application fee applies to all deals.
John Heron, director of mortgages at Mortgage Trust, said many landlords were looking for a stable investment in the coming years.
“We have extended the availability of some of our most popular fixed rate products and added further options for landlords with a medium term planning horizon,” he said.
“Fixed rate products provide landlords with an opportunity to fix a key element of their cost base and maintain a stable rent environment for their tenants. We expect many landlords will be reviewing their finance options closely as a base rate rise moves closer.”