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Thursday, April 06, 2017

Mortgage Trust - new BTL exclusives

Property Hawk Mortgages has launched two new exclusive buy-to-let fixed rates with Mortgage Trust. There is a 2.34% two-year fixed rate and a 2.95% five-year fixed rate, both available up to 75 per cent loan-to-value and with a free valuation.

We are certainly seeing a preference for fixed rates at the moment and have seen a pronounced increase in demand for five year fixed rates since the introduction of the PRA regulations and the changes to lenders’ rental calculations. In fact, five- year fixed rates have been the top sellers at Property Hawk Mortgages so far this year.

Mortgage Trust has a 125 per cent interest coverage ratio (ICR) for basic tax payers with a stress rate of 4.00 per cent for the 5-year product and 5.50 per cent for the two-year product, so these products could be an excellent choice for landlord clients looking for achievable fixed rates during this period of changing affordability assessments. The ICR increases to 140 per cent for higher and additional rate tax payers
Tel: 029 2069 5446

Your home may be repossessed if you do not keep up repayments on your mortgages. The Financial Services Authority does not regulate some forms of mortgage.

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