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Sharper pricing from Mortgage Trust

12th November 2014 Print

Specialist buy-to-let lender Mortgage Trust has updated rates across its fixed and tracker rate products.

Highlights of the range offered by Mortgage Trust, which is part of Paragon Group, include limited quota options. There are two fixed rate limited quota products; a 3.99% with a 1.5% product fee, and a 4.5% with no product fee, both available at 80% LTV.

The limited quota range also includes a two year tracker at 4.20% available at a LTV of 75% with a £499 fee but no ERC, as well as a two year tracker at 3.65% with a 1.50% fee and a LTV of 80%.

All products in the Mortgage Trust range have a free valuation. The application fee of £150 will apply.

John Heron, Managing Director of Mortgages, said, “CML data indicates that the buy-to-let market has seen some solid growth this year, which continues to be underpinned by strong tenant demand. Nevertheless, the strong credit quality of buy-to-let lending has continued to draw in competitors, so we have updated our range to make sure that Paragon and Mortgage Trust products remain well positioned in the market in the run-up to the year-end, which traditionally has always been a competitive time in the market.”