Mortgage Trust has refreshed its range of buy-to-let mortgages – as products include 2-year fixes at 3.05% to 75% loan-to-value and 3.45% to 80% LTV.
The lender has also launched a 5-year fix at 3.70% to 75% LTV.
John Heron, director of mortgages, said: “Our refreshed Mortgage Trust product range is designed to give intermediaries as much variety as possible – whilst maintaining our competitive edge and high level of customer satisfaction.
“We already have market leading low levels of arrears on our loan book but, in addition to maintaining the matrix approach to assessing affordability we already have in place, we are also moving to increase our minimum interest coverage ratio – building further sustainability into our loan book.”
Mortgage Trust and Paragon Mortgages have also increased their interest coverage ratio to 5.35% for residential property applications, though HMO and limited company applicants will see no change.