New tracker remortgages at Mortgage Trust

Posted on Tuesday, January 21 by Joy Tibbs

Buy-to-let lender Mortgage Trust has updated its product range to include several new two-year tracker deals.

Its new 2.89% tracker benefits from a free valuation and a 2.5% fee, and is available for purchase and remortgage. The lender is also offering a two-year tracker 2.99%, with a 2.50% fee, which is available for remortgage only. This remortgage-only product comes with a free valuation and no legal fees are payable when a Mortgage Trust-nominated legal services provider is used.

Both new products are available up to 75% loan-to-value (LTV) and are subject to a £150 administration fee.

Director of mortgages, John Heron, said: “The two new trackers are very competitive, especially the 2.89%, and we expect this to be very popular with intermediaries looking for a great value product for small-scale landlord customers.”

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