Mortgage Trust has unveiled a new range of 80% loan-to-value (LTV) buy-to-let products.
The Paragon Mortgages owned specialist lender has launched a two-year fixed rate product with a 1.75% product fee and an initial rate of 4.10%.
The second of the two-year fixes has an initial rate of 4.95% and no product fee.
In addition, Mortgage Trust has released a two-year tracker with an initial rate of 3.70% with a 2% product fee and a two-year tracker with a 4.70% initial rate and no product fee.
These are limited quota products and all come with a free valuation. They are available for purchase and remortgage.
John Heron, managing director of mortgages, said: “We are pleased to be able to further extend our buy-to-let proposition with these 80% LTV products. We are confident that high credit standards can be maintained at these levels and our extensive data on many years of buy-to-let lending supports this.
“A primary requirement of landlords is to generate an optimal return on capital. Subject to a strong affordability profile these products will assist landlords in doing just that.”
