Summary:
- 4.65% fixed until 31st October 2007
- 4.95% fixed until 31st October 2007 – No Overhanging ERC
- Arrangement fee of £699
- Rental income calculation on MT Select range 125% of product rate.
- Up to 85% LTV
Only accessible through MT Select packager members, these MT Select products have a simplified criteria and process, and assess rental income at 125% of the initial product rate.
Austin Jelfs, head of sales said: “We are extremely pleased to be able to offer these products to the market. They enable borrowers to fix at a time when rates are competitive and we are certain that the low rates and attractive rental calculation on these products will make them very popular.”
