Mortgage Trust launches low-rate BTL deal - Buy To Let |

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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.