"Longer term fixed rates are becoming increasingly popular, providing landlords with greater cost certainty as they look to manage the introduction of the new tax changes."
The product is available at 3.45% and offers landlords up to £500,000 at 75% LTV and up to £1 million at 70% LTV. Available for a limited period only, the product includes a free mortgage valuation and features an interest coverage ratio starting at 125% at 4%.
John Heron, Director of Mortgages at Mortgage Trust, said: “Longer term fixed rates are becoming increasingly popular, providing landlords with greater cost certainty as they look to manage the introduction of the new tax changes.
“With interest rates still close to historic lows, now is a good time for landlords to consider the potential advantages of locking in for a longer period.”
