The range is only available through a limited number of packagers and includes a 4.75 per cent fixed to 30 April 2009 as well as a 4.90 per cent fixed to 30 April 2008. Both products attract a procuration fee of 0.50 per cent to brokers. Rental calculations are based on 125 per cent of the product payment rate and are available up to a maximum LTV of 85 per cent.
Rachel Bancroft, managing director of KGB Packaging, said: “Through KGB, brokers can now offer their clients the full range of exceptional MT Select products, including highly competitive fixed and discount rates, low arrangement fees and no-tie-in options. We expect demand for the new KGB Select range to be high.”
Austin Jelfs, head of sales at Mortgage Trust, said: “We are delighted to welcome KGB Packaging to our panel of exclusive MT Select packagers. KGB’s distribution strength and service standards make it an ideal MT Select partner and, in a very buoyant buy-to-let market, the new outlet for MT Select will make its benefits available to a wider range of brokers and buy-to-let investors.”
