Details of the MT Select fixed rate products are:
4.82% two-year Buy-to-Let Stepped Fixed
• Fixed at 4.82% until 31 March 2008
• Fixed at 5.42% until 31 March 2009
• 1% arrangement fee capped at £1,500
• Up to 85% loan-to-value (LTV)
• Rental income assessed on 125% of 4.82% headline rate
5.29% Buy-to-Let Fixed
• Fixed until 31 March 2009
• Flat £799 arrangement fee
• Up to 85% LTV
• Rental income assessed on 125% of 5.29%
Details of the core range fixed rate products are:
5.25% Buy-to-Let Fixed
• Fixed until 31 March 2008
• Flat £699 arrangement fee
• Up to 85% LTV
• Rental income assessed on 125% of 5% reference rate
• Available to Limited Companies and Expatriates
5.89% Buy-to-Let Fixed
• Fixed until 31 March 2010
• Flat £699 arrangement fee
• Up to 85% LTV
• Rental income assessed on 125% of 5% reference rate
• Flexible
• Available to Limited Companies and Expatriates
Austin Jelfs, head of sales at Mortgage Trust, commented: “With the latest figures from the Department of Communities and Local Government reporting that there are now an estimated 2.5 million private renters in England, a 22% increase since 2001, it is clear that the attitude to renting has undergone a significant shift. Buy-to-let investors are utilising this ever increasing demand and with the prospect of further rate rises on the horizon many will be looking to fix their mortgage costs. Our new range of fixed rate buy-to-let products caters for a wide variety of property investment funding requirements. Borrowers have the option of fixing for the short or medium term, and are able to utilise competitive rates and favourable rental income calculation requirements.”
