The two remortgage products both have a rate of 6.2 per cent with an arrangement fee of £499 and an early redemption charge of 5 per cent during the discount period.
The cashback lump sum of £500 will be refunded by cheque to the borrower within 28 days of completion.
The reduced fees option consists of legal fees being met by Mortgage Trust up to a maximum of £295 provided a solicitor of Mortgage Trust’s choosing acts.
Valuation fees up to a maximum of £200 will be refunded to the borrower within 28 days of completion.
Austin Jelfs, head of sales and marketing at Mortgage Trust, said: “Landlords view buy-to-let with a hard business head and have investment returns firmly in mind.
“They are fully up-to-speed with developments in the mortgage market and are keen to finance their investments to their best advantage. As such we are offering a competitive mortgage rate with the complimentary option of either a £500 cashback or a considerable saving in fees.”
Roger Hillier, product development manager at Mortgage Express, said: “A choice between two 2-year 0.5 per cent discounts is a superb offering for the buy-to-let investor looking to be tied in for the short term only.
“However, for customers willing to be tied in for slightly longer there are better discounts out there.”
