Mortgage Trust has launched a new range of products which includes two five year stepped fixed rates.

The specialist buy-to-let mortgage provider has updated its whole buy-to-let range, with 24 new products and five product refreshes.

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; both products come with a £995 product fee.

Also included in the updated range are two new stepped rate products available for a five-year term. The five-year fixed rate products can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.

The new range also includes a pair of 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 (pictured), 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.”