Mortgage Trust has unveiled a range of products catering for buy-to-let property purchases and remortgages.
The range includes two, three and five-year fixes. The new five-year fixes offer 3.29% for borrowing up to 75% loan to value (LTV). These longer term fixed rate products also feature interest coverage ratios starting at 125% at 4%.
New deals include a two-year fix at 2.49% and a three-year fix at 3.10% for lending up to 75% LTV. For lending up to 80% LTV the range includes a two-year fix at 3.69% and a three-year fix at 3.75%, each of which come without a product fee.
John Heron (pictured), director of mortgages at Mortgage Trust, said: “Market volatility following the referendum has not brought good news for everyone but with rates expected to be lower for longer we have been able to deliver one of the most competitive series of products we have offered in 20 years of buy-to-let lending.”