Mortgage Trust’s research shows that 70% of buy-to-let landlords review their mortgage arrangements at least once per year and are very astute at financing their investments. As they come to the end of fixed or discounted terms, many will be looking to remortgage away from their existing lenders’ variable rates to secure a more competitive deal.
- 6.2% 2-Year discount £500 Cashback
- 6.2% 2-Year discount Fee Saver (up to a maximum of £295 paid in legal fees and a refunded valuation fee of up to a maximum of £200)
Remortgaging is an important market. A recent report from the CML shows that 35% of gross buy-to-let advances in the first half of 2004 were remortgages. As a specialist in the buy-to-let sector, Mortgage Trust prides itself on an acute understanding of what is important to the buy-to-let investor and is confident that these new remortgage products with the option of either cashback or a saving in fees, will prove extremely popular with buy-to-let borrowers wishing to re-mortgage.
Speaking about this new offering Mortgage Trust’s Head of Sales and Marketing, Austin Jelfs commented: “Landlords view buy-to-let with a hard business head and have investment returns firmly in mind. They are fully up to speed with developments in the mortgage market and are keen to finance their investments to their best advantage. As such we are extremely pleased to be offering this competitive remortgage rate with the complementary option of either £500 cashback or a considerable saving in fees. This remortgage offer comes hot on the heels of our latest tranche of competitively priced products and we are certain that, whether they are purchasing or remortgaging, with such a broad product range buy-to-let borrowers will find a product ideally suited to their individual investment needs at Mortgage Trust.”
