On a property of £120,000 this would mean a saving of over £700. In addition, the fixed rate period for both of these products has been extended by an extra 3 months.
- 5.59% fixed - extended until 30/04/06
- 5.89% fixed - extended until 30/04/08
- Arrangement fee reduced to £499
- 85% LTV
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 and Marketing at Mortgage Trust said: “With the expected continuation of slowing house prices throughout 2005 the advantage has been tipped towards buyers, and with the demand for private rented accommodation gathering pace we are certain that Buy-to-Let investors will be keen to make the most of their increased bargaining power. The reduced arrangement fee and extension of the fixed period on these already competitive products will make them an even more attractive option for landlords wishing to re-mortgage their existing Buy-to-Let properties or grow their portfolios.”
