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Mortgage Trusts overhauls buy-to-let rates

Mortgage Trust has overhauled its buy-to-let product range.

The specialist lender is retaining several of its most popular fixed rate products and introducing a selection of new rates.

The new rates include three-year fixed rate deals at 75% LTV which offer customers the choice between an initial rate of 3.25% with a 2% fee or 3.65% with a £999 fee.

Mortgage Trust has an extensive range of fixed rate products with terms of two, three and five years and a wide range of rate and fee options.

All products also include free valuation and a £150 application fee.

John Heron, director of mortgages, said: “We have extended the availability of some of our most popular fixed-rate products and added further options for landlords with a medium term planning horizon. 

“Fixed rate products provide landlords with an opportunity to fix a key element of their cost base and maintain a stable rent environment for their tenants.

“We expect many landlords will be reviewing their finance options closely as a base rate rise moves closer.”

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