There are two fixed rate two year products and three two year trackers available for purchase and remortgage cases, including a 2.99% rate at a 75% LTV.
The new range also includes four remortgage only products – two trackers and two fixed rates – which are available with a £300 contribution to legal fees. All new products come with the added incentive of a free valuation.
Mortgage Trust caters for landlords who are looking to grow their property portfolios. It has revamped its online application system so intermediaries can submit applications faster, more accurately and with fewer unresolved applications.
John Heron, director of mortgages for its sister company Paragon, said: “These new products are highly competitive and we are expecting demand to be high so they won’t last long!
“Intermediaries can apply for products using Mortgage Trust’s online system which is quick and simple to use, giving instant decisions on applications.
“Landlords are looking to grow their portfolios further in the New Year and we are expecting to see high levels of demand for these products from intermediaries, as they look to provide their landlord clients with the most competitive rates.”