The new rate is only available through Mortgage Express’ online system at www.mortgage-express.co.uk.
Key features of the new deal include:
- 3 year fixed rate at 4.99%
- Up to 85% LTV - minimum loan size £50k
- Switching fee 0.5%
- Completion fee 1.5%
- ERC 5% for 3 years
- Rental cover at 130% of initial pay rate
Andrew Moss, product development manager for Mortgage Express said “The recent withdrawal of The Mortgage Works’ highly popular buy-to-let rate left a real gap in the market for brokers seeking a similar type of product. Mortgage Express is therefore thrilled to step in with a great online offer of its own.”
Warwick Tidy of Warwick Tidy Mortgage Services adds, “This is a terrific deal from Mortgage Express, which will be very popular with brokers who were disappointed by the withdrawal of The Mortgage Works’ offer.”
