Boasting a 4.99 per cent rate fixed until September 2008, the product also comes with a 1.50 per cent arrangement fee, which can be added to the loan.
There is no extended tie-in and applications are assessed on rental income with the rental calculation at a very competitive125 per cent of the pay-rate.
Mortgage Intelligence Managing Director Sally Laker said: “We are delighted to be able to offer this product to Mortgage Intelligence members on a semi exclusive basis.
“Feedback from our members has been very positive about the other products in the MT Select range and we are sure this one will be as successful.”
Austin Jelfs, Head of Sales at Mortgage Trust said: “This valuable addition to our MT Select range, means that buy-to-let investors now have a product to suit most circumstances”.
“We are delighted to once again be using the knowledge and professionalism of the Mortgage Intelligence membership to bring this product to market.”
Other products in the MT Select range include a low two-year fixed at 4.79% but with extended tie-ins and a two-year fix at 5.39% with no extended tie-in and a three-year discount rate of 5.57%.
The Select range of products is packaged by the Mortgage Intelligence fast-track team.
For further information please contact Sally Laker at Mortgage Intelligence on 01202 312 984 or Mark Llewellyn-Slade / Francis Higney at Llewellyn-Slade PR on 01444 242792.
