New 80% BTL remortgages at Mortgage Trust

Posted on Monday, February 24 by Joy Tibbs

Mortgage Trust, part of Paragon Mortgages, has introduced a new range of 80% loan-to-value (LTV) buy-to-let deals. Available for purchase and remortgage, these deals include free valuation.

The new line includes a two-year, fixed-rate product with a 1.75% product fee and an initial rate of 4.10%. It also features a fee-free, two-year fix at an initial rate of 4.95%.

The new mortgage range also includes a two-year tracker with a 2% product fee and an initial rate of 3.70% as well as a fee-free, two-year tracker with a 4.70% initial rate. 

John Heron, managing director of mortgages, said: “We are pleased to be able to further extend our buy-to-let proposition with these 80% LTV products. We are confident that high credit standards can be maintained at these levels and our extensive data on many years of buy-to-let lending supports this.

“A primary requirement of landlords is to generate an optimal return on capital. Subject to a strong affordability profile, these products will assist landlords in doing just that.”

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