Mortgage Trust has updated its buy-to-let products for autumn, introducing competitive new deals for landlords.
A new range of two, three and five-year fixed rate buy-to-let products is now available for landlords looking to purchase or remortgage over the colder months.
Mortgage Trust also offers buy-to-let products at up to 80% loan-to-value (LTV).
The new products, for both property purchase and remortgage, are amongst some of the most competitive ever offered by Mortgage Trust. Landlords looking to take advantage of the recent reduction in market rates should take a look at the new offers.
The new five-year fixed rate products are well priced and designed for those landlords seeking financial security over the long term. Mortgage Trust is offering a rate of 3.29% for borrowing up to 75% LTV. These longer term fixed rate products also feature interest coverage ratios from 125% at 4%.
Highlights of the autumn range include a two-year fixed rate of 2.49% and a three-year fix of 3.10% for lending up to 75% LTV. For lending up to 80% LTV, the products include a two-year fix at 3.69% and a three-year fix at 3.75% – both of which come without a product fee.
The Director of Mortgages at Mortgage Trust, John Heron, comments: “Market volatility following the referendum has not brought good news for everyone, but with rates expected to be lower for longer, we have been able to deliver one of the most competitive series of products we have offered in 20 years of buy-to-let lending.”
Those landlords looking to take advantage of the new buy-to-let products this autumn must remember to protect their investment properties with the widest Landlord Insurance cover available as standard.
Just Landlords’ award-winning Landlord Insurance includes 33 essential covers as standard, so that you can rest assured that your property is in safe hands.
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