Mortgage Trust returns to 80pc B2L lending
The specialist lender, which is part of Paragon Mortgages, has launched a 2-year fixed rate product with a 1.75% product fee and an initial rate of 4.10%. The second of the 2-year fixes has an initial rate of 4.95% and no product fee.
There is also a 2-year tracker with an initial rate of 3.70% with a 2% product fee and a two year tracker with a 4.70% initial rate and no product fee.
These are limited quota products and all benefit from free valuation and are available for purchase and remortgage.
John Heron, managing director of mortgages, said: “We are pleased to be able to further extend our buy-to-let proposition with these 80% LTV products. We are confident that high credit standards can be maintained at these levels and our extensive data on many years of buy-to-let lending supports this.
“A primary requirement of landlords is to generate an optimal return on capital. Subject to a strong affordability profile these products will assist landlords in doing just that.”