· NEW buy to let rate of 5.99%
· Fixed until 30/09/05
· Rental Calculation based on fixed rate
With the rental calculation based on the fixed rate, a maximum LTV of 85% and no early redemption charges applicable beyond the fixed rate duration, the latest product from Mortgage Trust is ideal for property investors looking for the certainty of a low rate for a set period.
Mortgage Trust also charges no MIG and offers full flexibility 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: “In a volatile interest rate environment this fixed rate product enables borrowers to stabilise their mortgage payments for a guaranteed period regardless of rate changes. In addition, the rental calculation based on the fixed rate provides the degree of extra scope often needed by today’s investor, whist still ensuring they are well within affordability constraints. All in all we are sure that, complimented by the incumbent flexible features, this product will prove extremely popular with investors looking to lock into a competitive rate.”
