Hot on the heels of their new mass market buy-to-let range Mortgage Trust, the buy-to-let specialist, announces their latest buy-to-let exclusive of 5.45%. This rate, which is only available to Mortgage Intelligence members, has been confirmed by Business Moneyfacts as the lowest fixed rate for an 85% LTV product with no extended tie-in penalties. Fixed until 31st March 2006, this product also boasts full flexibility, and offers 85% LTV.
Austin Jelfs, Head of Sales and Marketing at Mortgage Trust, said: “With the housing market continuing to cool, now is an ideal time for buy-to-let borrowers to use their bargaining power. This exclusive product provides landlords with a very low fixed rate whilst it is still uncertain if rates have peaked.”
Sally Laker Managing Director of Mortgage Intelligence, comments: “There has been a strong demand for an attractive short-term fixed rate from our members that specialise in buy-to-let and this fits the bill perfectly. In particular, the rental income calculation based on the actual rate makes this deal very competitive at 85% LTV”.
