Mortgage Trust, the specialist buy-to-let lender, has launched a limited range of products.
The limited quota products are only available in January and benefit from no early repayment charges (ERC).
A two-year tracker is available at 3.85 per cent with a £995 product fee and a 4.25 per cent tracker which does not have any product fee. Both of these new mortgages are suitable for the purchase and remortgage of a property and come with free valuation.
An £150 administration fee must be paid at the time of online application submission to acquire one of these limited quota products.
John Heron, director of mortgages, said: “This is the first new range of the year and we will continue to refresh our product range over the coming months, ensuring that we remain highly competitive at a time when we expect significant growth in the buy-to-let market.”
Mr Heron added that Mortgage Trust received a very positive response to its pilot product with no ERC offered in November last year. Research suggested that landlord customers value the flexibility of these products, even though they don’t seem to plan to redeem them early.
