The range which has proved to be extremely popular consists of a streamlined version of Mortgage Trust’s core Buy-to-Let range and boasts outstanding rates, and simplified criteria requirements. Available exclusively to MT Select members, these products are not only competitive on rate, but the calculation used to assess the rental income required is based on 125% of the product rate which will help landlords achieve optimal gearing.
- 2-Year fixed Buy-to-Let rate of 4.79%
- 2-Year fixed Buy-to-Let rate of 5.39%
- 3-Year discount Buy-to-Let rate of 5.57%
- Arrangement fee of £499 on all fixed and discounted products
- Lifetime tracker 3 month LIBOR + 0.73%
- Arrangement fee of 0.5% on lifetime tracker product
- Rental income calculation 125% of product rate.
- 85% LTV
Payam Azadi Head of Marketing at The Mortgage Times Group said “We are delighted to be on Mortgage Trust’s MT Select Panel, we have been working very closely with them in regards to their product range. We see the Buy-to-Let sector as a vital market and are keen to work with our lender partners to develop a range of products and services that are highly competitive in the market place”
Austin Jelfs, Head of Sales at Mortgage Trust said: “We are extremely pleased to be welcoming Mortgage Times and Mortgage Next to the MT Select panel. We recognise that this year will see many experienced landlords both adding to their portfolios and looking to re-mortgage existing deals, and with the MT Select 125% loan calculation and outstanding rates we are sure that these products will help our key packager partners provide competitive Buy-to-Let solutions to their clients.”
