Sister company of Paragon Mortgages, the two new Mortgage Trust fixed rate products are a market leading 2.99% at 75% LTV and a 4.15% with a flat fee. Both products are available for purchase and remortgage.
The maximum loan on the new 4.15% fixed rate is £500,000 with a flat fee of £950. Both new products also benefit from free valuations and are available via the Mortgage Trust website.
John Heron, Director of Mortgages, said:
“The two new limited edition fixes are extremely competitive with the 2.99% at 75% LTV a real highlight. Intermediaries can apply for these products online using the revamped Mortgage Trust website, which gives a lending decision in seconds.
We are continuing to review and upgrade our product range to ensure we are offering quality products that work best for private investor landlords who typically own between one and five properties. We are seeing increasing business from this type of landlord customer and I believe this will continue in the months ahead.”
The existing 4.25% two year fixed rate product (code 2PN109) is to be withdrawn with immediate effect.
