It has an underlying rate of 3 month LIBOR + 1.25% (currently 5.245%) on which the rental income calculation is based.
- 3-Year discount buy-to-let rate of 4.945%
- Rental income calculation based on 3 month LIBOR + 1.25%
Mortgage Trust also offers up to 85% LTV and full flexibility on this product giving investors the opportunity to save for further property purchases or budget for rental voids and maintenance costs.
Austin Jelfs, Head of Sales and Marketing at Mortgage Trust said: “We are pleased to be joining forces with Mortgage Promotions to offer this deal designed especially for our intermediaries. The combination of a competitive interest rate, a significant discount period and outstanding service at Mortgage Trust provides a strong offering which we hope will prove popular with Mortgage Promotion members.”
