The specialist buy-to-let (BTL) lender is offering this product exclusively through MT Select packager members. The product which boasts a competitive fixed rate and low arrangement fee provides an option for landlords wishing to grow their portfolios.
Details of the MT Select fixed rate product are as follows:
5.09 per cent two-year fixed MT Select buy-to-let
• fixed until 30 September 2008
• £699 arrangement free
• 6 per cent early repayment charge during fixed period
Austin Jelfs, head of sales at Mortgage Trust, said: “Borrowers wanting the security of a fixed rate product will find this new MT Select product very attractive. With continued uncertainty on the direction of interest rates, this product will provide customers with the assurance of having a fixed rate over the first two years of their mortgage.”
