Mortgage Trust refreshes range
Mortgage Trust, from Paragon, has updated its current range offering a variety of rate and fee options, with rates starting at 2.99%.
All fixed rate products (fixed until 31 January 2016) in the range include a free valuation and remortgage options with free legal work are also available – when using a Mortgage Trust nominated provider.
The specialist lender has seen increasing demand over the last 12 months for products with lower fees or no fees at all.
John Heron, director of mortgages, said: “More landlords have been choosing our 3.99% tracker with no fee and free valuation, or our 4.25% fix with no fee.
“These products are significantly less likely to give rise to a payment shock later on and do not erode equity by adding a large fee to the balance.
“Landlords are largely risk-averse and financially sophisticated, so will chose products that work in the most sustainable way for them in what is a rising interest environment.”