Sister company of Paragon Mortgages, Mortgage Trust is launching two new two year fixes – for purchase or remortgage – with rates of 3.79% with a 1.5% product fee and 4.25% with a fixed fee of £995. The new range also includes three remortgage only products. The new two year 3.99% tracker with a product fee of £1,495 has the added benefit of no legal fees being payable when using a Mortgage Trust nominated legal provider.
There is also a two year fix at 3.89% with a product fee of 1.5% and a two year fix at 4.35% with a product fee of £995. Both products also benefit from free legal fees when a nominated legal provider is used. John Heron, Director of Mortgages, said: "The new limited edition products are part of a continuing strategy designed to ensure that we maintain one of the best value propositions in the buy-to-let market.
"Our research shows that intermediaries remain positive about buy-to-let business volumes, with 63% expecting to do more buy-to-let business in the next 12 months. We are also seeing healthy growth in the private investor landlord sector of the market, with 22% of intermediaries’ buy-to-let business being from new landlords in the last quarter.
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