Only accessible through a specialist packager panel, the MT Select range encompasses a variety of market leading Buy-to-Let products with outstanding rates, low arrangement fees and simplified criteria and process. In addition the calculation used to assess the rental income required for the range is based on 125% of the product rate, giving landlords the extra leeway sometimes needed in today’s market.
With differing criteria requirements, and product features from the core range, the MT Select range is a streamlined suite of Buy-to-Let products designed to complement Mortgage Trust’s traditional offering and widen its market appeal.
The range of MT Select products, including the re-launched fixed rates detailed below are available exclusively through MT Select packager members.
- Buy-to-Let rate of 4.79% fixed until 31st August 2007
- Buy-to-Let rate of 5.39% fixed until 31st August 2007
- 3-Year discount Buy-to-Let rate of 5.57%
- Arrangement fee of £499 on all fixed and discounted products
- Lifetime tracker Buy-to-Let rate of 5.71%
- Arrangement fee of 0.5% on lifetime tracker product
- Rental income calculation on MT Select range 125% of product rate.
- Up to 85% LTV
Austin Jelfs, Head of Sales said: “Recent findings from our Buy-to-Let Intermediary Forecast revealed that intermediaries expect remortgaging to account for the largest proportion of their business in the next three months, overtaking the proportion expected from loans to experienced investors adding to portfolios. This indicates that landlords are becoming more active than ever in managing their finances to maximize the return on their investments. As such we feel that now is the ideal time to re-launch our fixed rate MT Select products. The highly competitive products, that are exclusively available through our specially selected packaging partners, have been designed to offer borrowers the essentials they need at great rates with the added bonus of an attractive rental income calculation.”
