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Mortgage Trust launches limited edition fixed BTL
Mortgage Trust has introduced a new limited edition, five-year fixed rate buy-to-let mortgage.
The new product is aimed at individual landlords seeking finance for single, self-contained units.
The five-year fixed rate mortgage offers landlords up to £500,000 at 3.45% at 75% LTV and up to £1m at 70% LTV.
“Longer-term fixed rates are becoming increasingly popular, providing landlords with greater cost certainty as they look to manage the introduction of the new tax changes,” said John Heron, director of mortgages at Mortgage Trust (pictured above).
“With interest rates still close to historic lows, now is a good time for landlords to consider the potential advantages of locking in for a longer period.”
The product is available for a limited period and includes a free mortgage valuation as well as featuring an interest coverage ratio starting at 125% at 4%.
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