Mortgage Trust announces 24 new BTL products amid range update

Mortgage Trust has announced today that it has revamped its entire buy-to-let range, announcing 24 new products and five product refreshes.

The specialist BTL mortgage provider has launched a new range of products, including two five year stepped fixed rates. The products can either increase in rate each year until the end of the term, or decrease depending on the landlord’s preference.

With a continuing preference among landlords for fixed rates, there are 20 new fixed rates available, including a two year fix at 3.05% at 75% LTV and a five year fix at 3.50% at 75% LTV.

The new range also includes two, two year trackers and a term tracker, available for purchase and remortgage. All products in the range include free valuation and a £150 application fee. The range also features products exclusively for Scotland.

John Heron, Director of Mortgages, said: “The new Mortgage Trust range includes a mix of products to suit a variety of landlords’ needs. Our research among brokers has consistently shown their landlord customers have a strong preference towards fixed rates, which is why our new range includes 20 new fixes with a range of terms available.

Last month we released several stepped rate fixes through Paragon Mortgages, these proved to be popular, so we have now launched two stepped rates through Mortgage Trust too.”