This product also assesses the rental income on 125% of the 4.99% product rate.
The MT Select range is a streamlined suite of Buy-to-Let products which MT says have outstanding rates, low arrangement fees and simplified criteria and process.
The range of MT Select products, including the new 3 year fixed rate detailed below, are available exclusively through MT Select packager members.
- 3-Year Buy-to-Let rate of 4.99% fixed until 31st August 2008
- 2-Year Buy-to-Let rate of 4.79% fixed until 31st August 2007
- 2-Year Buy-to-Let rate of 5.39% fixed until 31st August 2007
- 3-Year discount Buy-to-Let rate of 5.57%
- Lifetime tracker Buy-to-Let rate of 5.71%
- Rental income calculation on MT Select range 125% of product rate.
- Up to 85% LTV
Austin Jelfs, Head of Sales said: “Our 4.99% three year fixed rate is a terrific product and we are extremely pleased to be able to offer it to the buy-to-let market. With no tie-ins beyond the fixed period this product allows investors to fix their payments at a highly competitive rate for a significant period.”
