Mortgage Trust has announced this morning that they have launched a series of products catering for BTL property purchases and remortgages.

The products, which include two, three and five year fixes are amongst the most competitive ever offered by Mortgage Trust and benefit from the recent reduction in market rates.

The new five year fixes are well priced and designed for those landlords looking for financial security over the long-term, offering 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%. 

Highlights of the range 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, 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.”