Mortgage Trust launches low-rate BTL deal - Buy To Let - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Mortgage Trust launches low-rate BTL deal

Mortgage Trust launches low-rate BTL deal

Category: Buy To Let

Updated: 10/01/2013
First Published: 08/01/2013

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Mortgage Trust has launched a "Limited Edition" mortgage range aimed at buy-to-let investors, with the two-year variable deal the pick of the bunch.

The basics…

This deal offers a highly competitive variable rate of 2.99% for two years at a maximum loan-to-value (LTV) of 75%.

The finer details….

The maximum advance is £500,000, while the fee is 2.25% of the advance. Borrowers are offered the incentive of a free valuation.

Why we like it….

On rate alone, this BTL product is the lowest at 75% LTV. However, the 2.25% fee means the benefit of a low rate would be outweighed by the fee for those investors needing a higher advance when compared to similar deals with slightly higher rates, but lower fees.

This BTL deal has been awarded four out of five Moneyfacts Stars.

Can't find the right Buy To Let Mortgage in our Best Buys? Don't worry. If you are looking to borrow from £50,000 up to 80% of your home's value Speak to an expert Mortgage Adviser

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Buy-to-let mortgage availability drops

It’s been a turbulent year for buy-to-let (BTL), with Government interventions impacting the sector and activity dampening as a result, and our latest figures reveal the largest drop in the number of available mortgage products since 2009.

Number of parent landlords on the rise

The cost of renting is on the rise, but would it cheaper if you were renting from your own parents? Many children of property moguls will hope so, and with the number of parent landlords on the rise, it’s something more and more could benefit from.

Landlords: BTL mortgage rates are still falling!

The cut to base rate has had a welcome impact on mortgage rates, and it isn’t only residential borrowers who are benefiting: buy-to-let (BTL) investors are continuing to enjoy a fall in rates, particularly those looking for a longer-term deal.