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Mortgage Trust re-prices fixed rates

Amanda Jarvis

May 19, 2006

The new MT Select fixed rate products are as follows:

– 4.99 per cent two-year fixed MT Select buy-to-let
• fixed until 31 August 2008
• 85 per cent loan-to-value (LTV)
• rental income assessed on 125 per cent of product rate
• 1.5 per cent arrangement fee

– 5.29 per cent three-year fixed MT Select buy-to-let
• fixed until 31 August 2009
• 85 per cent LTV
• rental income assessed on 125 per cent of product rate
• 1 per cent arrangement fee

The new Mortgage Trust core range fixed rate products are as follows:

– 5.10 per cent one-year fixed core range buy-to-let
• fixed until 31 August 2007
• flat £699 arrangement fee
• rental income assessed on 125 per cent of 5 per cent reference rate
• limited companies and expatriates welcome

– 5.65 per cent three-year fixed core range buy-to-let
• fixed until 31 August 2009
• flat £699 arrangement fee
• rental income assessed on 125 per cent of 5 per cent reference rate
• limited companies and expatriates welcome

Austin Jelfs, head of sales at Mortgage Trust, said: “Whilst swap rates, and in turn, fixed rate pricing, have increased over the last month, our newly priced fixed rate products are still highly competitive. With a positive outlook for house prices and
demand for private rental accommodation continuing to grow robustly, the buy-to-let sector is extremely buoyant, and we are confident that our new suite of products will prove very popular indeed.”


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