The buy-to-let (BTL) range is only available through a limited number of packagers but has now been made available through the Professional Mortgage Packaging Alliance (PMPA) member.
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.”
MT Select products on offer through the packager include a three-year fixed rate at 4.75 per cent and a two-year fixed at 4.90 per cent. Both products are available up to 85 per cent loan-to-value, allow rental calculations of 125 per cent of the product payment rate and give brokers a procuration fee of 0.50 per cent.
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 BTL market, the new outlet for MT Select will make its benefits available to a wider range of intermediaries and BTL investors.”
Kevin Morgan, director of Consilium Financial Planning, said: “Mortgage Trust has made large inroads into the BTL market with the range and in terms of competitiveness, it’s always there-or-there-abouts. It’s not cutting edge but it continues to plough its furrow very well.
“The BTL market has slowed recently but there are still good volumes around and it’s still a healthy market. Brokers have always supported MT well and I’m sure this will prove the same.”
