MT says both products are highly competitive with highly competitive rates, low arrangement fees and no extended tie-ins.
- NEW rate of 5.29% fixed until 30/09/06
- new rate of 5.55% fixed until 30/09/08
- Arrangement fee of only £499
- 85% LTV
- Loans to Ltd Companies & Expatriates
The calculation used to assess the rental income required on both of these products is based on 130% of the product rate. In addition Mortgage Trust charges no MIG and offers full flexibility on both of these products, giving investors the opportunity to save for further property purchases or budget for rental voids and maintenance costs.
Austin Jelfs, Head of Sales at Mortgage Trust comments; "Following the success of the recent product additions to our MT Select range, we felt that it was extremely important to ensure that investors requiring the additional benefits of flexibility and tailored lending are able to take advantage of up-to-the-minute competitive products with low fees. These two products do not tie investors in beyond the fixed period and provide the ideal solution to those who wish to secure their mortgage payments for a specified time frame, as well as offering highly attractive rates. With these additions Mortgage Trust are able to provide competitive products catering for investors across the buy-to-let spectrum, from those who require streamlined products from our MT Select range to those who have more specialist requirements."
