Mortgage Trust, a specialist lender, has updated its range of buy-to-let products for the summer months.
Mortgage Trust Updates its Range of Buy-to-Let Products
The new range includes two, three and five-year fixed rate deals, at up to 80% loan-to-value (LTV).
The lender’s competitive new rates begin at 2.95%.
Mortgage Trust offers a selection of products from The Paragon Group. Its mortgages are aimed at landlords with small portfolios, and are available throughout England, Wales and Scotland.
The new summer range includes a two-year fixed rate deal at 2.95% up to 75% LTV and a two-year fix at 3.25% up to 80% LTV.
For those planning their finances over the longer-term, the new range also offers a three-year fixed rate deal at 3.30%, available with no product fee.
The Director of Mortgages at Mortgage Trust, John Heron, comments: “With this product refresh, we are giving customers yet more choice, and a competitive range of products to support their investment plans. With short and longer-term fixes, and with lending up to 80% available, these products will support ongoing investment in buy-to-let, crucial for supporting the ever growing demand for private rented sector properties.”
Ahead of last month’s EU referendum result, finance expert Paul Mahoney, of Nova Financial, advised landlords to prepare their property investment strategy for the future.
Following the Brexit vote, property expert Howard Leicester insisted that the result may be beneficial for the buy-to-let sector.
Worryingly, however, recent research from Moneyfacts.co.uk found that the number of mortgages available for first time landlords has dropped significantly over the last five years.
If you are thinking of investing in the sector for the first time, you may struggle to find a competitive deal. However, this new range from Mortgage Trust may include a product that supports you on your buy-to-let journey.
Existing landlords will also benefit from the competitive rates on offer this summer.