Mortgage Trust’s mass market range includes a two-year discount rate of 5.52 per cent; lifetime tracker rate of 6.02 per cent; tracker rate of 6.37 per cent (no ERCs); fee saver two-year discount rate of 6.12 per cent, and a cash-back two-year discount rate of 6.12 per cent.
Mortgage Trust said its mass market products offer full flexibility, giving investors the opportunity to save for further property purchases or budget for rental voids and maintenance costs.
Mortgage Trust’s MT Select range includes a three-year discount rate of 5.46 per cent, lifetime tracker rate of 5.60 per cent and rental income calculation at 125 per cent of product rate.
Only accessible through a specialist packager panel, the MT Select range has differing criteria requirements and product features from the core range.
Austin Jelfs, head of sales at Mortgage Trust, said: "In the last month or so we have been able to offer some extremely competitive fixed rates, and falling swap rates have now also allowed us to significantly reduce our discount and tracker rates."
