Mortgage Trust launches range of fixed rate BTL mortgages

The range, which Mortgage Trust says will set the tone for the rest of the year, includes two, three and five year fixes and LTVs from 65% to 80%. 
 
The new range includes the following highlights: a 2.99% two year fixed rate, with a £495 fee at 65% LTV; a 3.85% three year fixed rate, with no fee at 75% LTV; a 4.45% two year fixed rate, with no fee at 80% LTV; and a 4.39% five year fixed rate, with a £495 fee at 75% LTV.
 

John Heron, Managing Director of Mortgage Trust, said:

“The strength of our funding position has allowed us to deliver our most competitive product range to date. We are competing more broadly in terms of both LTV and range of term. The new products complement our recently revised core Paragon Mortgages range, which caters for more complex propositions.
 
“We are very mindful that 2015 will be an important year for the buy-to-let market with lending expected to total £30 billion, and landlords are going to need access to competitive finance and Paragon is well-placed to provide this through our two specialist brands.
 
“The new Mortgage Trust range includes terms of up to five years, as we know fixing for longer is becoming more popular as landlords want that added level of security a longer term fix provides. Funds are limited on these competitive fixed rates so landlords will need to act fast to make the most of these market leading products.”