Mortgage Trust unveils new fixes

Published on

John Heron, Paragon Mortgages

Mortgage Trust has introduced a new range of fixed rate products.

It says the offering is its most competitive and extensive range to date, which includes two, three and five year fixes and LTVs from 65% to 80%.

The new range from the lender, which is part of specialist buy-to-let lender Paragon, includes the following deals:

  • 2.99% two year fixed rate, with a £495 fee at 65% LTV
  • 3.85% three year fixed rate, with no fee at 75% LTV
  • 4.45% two year fixed rate, with no fee at 80% LTV
  • 4.39% five year fixed rate, with a £495 fee at 75% LTV

John Heron (pictured), managing director of Mortgage Trust, said: “The strength of our funding position has allowed us to deliver our most competitive product range to date. We are competing more broadly in terms of both LTV and range of term. The new products complement our recently revised core Paragon Mortgages range, which caters for more complex propositions.

“We are very mindful that 2015 will be an important year for the buy-to-let market with lending expected to total £30 billion, and landlords are going to need access to competitive finance and Paragon is well-placed to provide this through our two specialist brands.

“The new Mortgage Trust range includes terms of up to five years, as we know fixing for longer is becoming more popular as landlords want that added level of security a longer term fix provides. Funds are limited on these competitive fixed rates so landlords will need to act fast to make the most of these market leading products.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Skipton cuts fixed rates and widens home mover range

Skipton Building Society is reducing rates across its fixed mortgage range by an average...

Quantum Mortgages promotes Mihramane and Ajaib

Quantum Mortgages has made two internal promotions across its sales and completions teams as...

Complex incomes hindering aspiring Scottish buyers

More than half of Scottish adults with complex incomes who do not own a...

MAB adds three senior hires across marketing, finance and technology

Mortgage Advice Bureau has strengthened its executive team with three senior appointments spanning marketing,...

Tenant views of landlords more positive than wider perceptions, YBS research finds

Private renters are significantly more positive about landlords than wider public debate might suggest,...

Latest publication

Other news

Skipton cuts fixed rates and widens home mover range

Skipton Building Society is reducing rates across its fixed mortgage range by an average...

Quantum Mortgages promotes Mihramane and Ajaib

Quantum Mortgages has made two internal promotions across its sales and completions teams as...

Complex incomes hindering aspiring Scottish buyers

More than half of Scottish adults with complex incomes who do not own a...