Buy to Let
Mortgage Trust steps back into 80% buy-to-let lending
Mortgage Trust has launched a range of fixed rate and tracker buy-to-let products at 80% loan-to-value for purchase and remortgage customers.
The specialist lender, which is part of Paragon Mortgages, has launched a two-year fixed rate product with a 1.75% product fee and an initial rate of 4.10%.
The second of the two-year fixes has an initial rate of 4.95% and no product fee.
The two-year tracker products start at 3.70% with a fee of 2% or 4.70% with no fee.
John Heron, managing director of Mortgages, said: “We are confident that high credit standards can be maintained at these levels and our extensive data on many years of buy-to-let lending supports this.
“A primary requirement of landlords is to generate an optimal return on capital.
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“Subject to a strong affordability profile these products will assist landlords in doing just that.”
These are limited quota products and all benefit from a free valuation.