Mortgage Trust launches new BTL loans

Nia Williams

May 1, 2013

Sister company of Paragon Mortgages, Mortgage Trust is launching two new two-year fixes – for purchase or remortgage – with rates of 3.79% with a 1.5% product fee and 4.25% with a fixed fee of £995.

The new range also includes three remortgage only products. The new two year 3.99% tracker with a product fee of £1,495 has the added option of no legal fees being payable when using a Mortgage Trust nominated legal provider.

There is also a two year fix at 3.89% with a product fee of 1.5% and a two year fix at 4.35% with a product fee of £995. Both products also benefit from free legal fees when a nominated legal provider is used.

John Heron, director of mortgages, said: “The new limited edition products are part of a continuing strategy designed to ensure that we maintain one of the best value propositions in the buy-to-let market.

“Our research shows that intermediaries remain positive about buy-to-let business volumes, with 63% expecting to do more buy-to-let business in the next 12 months. We are also seeing healthy growth in the private investor landlord sector of the market, with 22% of intermediaries’ buy-to-let business being from new landlords in the last quarter.

“Mortgage Trust offers intermediaries the ability to submit multiple cases and pay fees online through the website, and they can also track their applications via our new app for i-phone and android devices.”

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