Mortgage Trust launches its 'most competitive' products for two decades

Mortgage Trust has launched a series of products catering for buy-to-let property purchases and remortgages.

The lender says that the products, which include two, three and five-year fixes, are amongst the most competitive it has ever offered thanks to ongoing low market rates.

The five-year BTL fixes are designed for landlords looking for financial security over the long-term, offering 3.29% for borrowing up to 75% Loan to Value (LTV).

These longer term fixed rate products also feature interest coverage ratios.

Other highlights of the range include a two-year fix at 2.49% and a three-year fix at 3.10% for lending up to 75% LTV. 

For lending up to 80% LTV, the range includes a two-year fix at 3.69% and a three-year fix at 3.75% - each of which come without a product fee.

John Heron, director of mortgages at Mortgage Trust, commented: “Market volatility following the referendum has not brought good news for everyone but with rates expected to be lower for longer we have been able to deliver one of the most competitive series of products we have offered in 20 years of buy-to-let lending."