The fixed rate buy-to-let product with Mortgage Trust forms part of the MT Select Range.
MT Select Range Product details
* 4.95 per cent fixed-rate until 31/10/07
* No extended ERCs
* Rental calculation based on 125 per cent of the initial pay rate
* £699 arrangement fee which can be added to the loan
This product tracks three month LIBOR plus 1.75 per cent - LIBOR was last set on the 1st June 2005 at 4.87per cent.
This product is exclusively available to a restricted panel of packagers nationwide. With differing criteria requirements, and product features from the core range, the MT Select range is a streamlined suite of buy-to-let products designed to complement Mortgage Trust’s traditional offering and widen its market appeal.
