Complete, which now has 28 packaged lenders on its panel, offers access to both Mortgage Trust’s core range and its exclusive MT Select offering.
The Mortgage Trust MT Select range is a simplified version of its core range, boasting streamlined criteria, no overhanging early redemption charges, favourable rental income requirements and highly competitive product rates. MT Select products are only offered via a small number of packagers, and this limited availability through Complete is seen as offering a benefit to the packager’s broker base.
Two MT Select products now available via Complete are:
- 4.75 per cent three-year fixed until 30th April 2009 with 1.5 per cent arrangement fee.
- 4.90 per cent two-year fixed until 30th April 2008 with £699 arrangement fee.
All MT Select products are available with a loan-to-value of up to 85 per cent for both individual and portfolio purchases. The rental calculation is based on interest only at pay rate.
Tristan Pile, head of sales at Complete said: “We are delighted to welcome Mortgage Trust to our range of lenders, giving our brokers access to the lender’s specialist products and criteria, combined with Complete’s established service standards and packaging expertise.
"The continued expansion of our range of lenders, along with the number of branded lending arrangements we offer is evidence of our mission to offer added value to brokers and ultimately their clients.”
Austin Jelfs, head of sales at Mortgage Trust, added: “We are extremely pleased to have been appointed to Complete’s lender panel. The buy-to-let sector continues to remain robust and we expect that in the coming year many experienced landlords will be both adding to their portfolios and looking to re-mortgage existing deals. With outstanding rates, favourable criteria and a 125 per cent rental income requirement we are sure that our MT Select product offering will prove to be extremely popular among Complete’s broker base."
