2 Year Fixed
- Are resident of England, Wales
- Are older than 21 and younger than 80 at mortgage end
- Have no CCJs, arrears, defaults, bankruptcies, repossessions
Additional criteria may apply
The Mortgage Trust is exclusively in the buy to let market catering for landlords.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Mortgage Trust is a brand name of the Paragon Group plc. Paragon deal exclusively in the buy to let market and the Mortgage Trust provide mortgages for landlords with small property portfolios. Paragon was launched in 1995. In 1995 the company acquired Britannic Money, which it re-branded as Mortgage Trust, and continued strengthening its position in the buy to let market.
Today Mortgage Trust brand is a key lender in the buy to let market, particularly for smaller landlords. Mortgage Trust mortgages are available via intermediaries. Landlords can also apply direct to the Mortgage Trust.
Mortgage Trust offers fixed rate and discounted rate buy to let mortgages for landlords. The minimum loan to value on both types of mortgage is 80%. Products are available for new purchases and re-mortgages of existing properties. Mortgage terms of between 5 and 25 years are available.
A fee is payable at the time of application. Free valuations and legal fees may be available on Mortgage Trust mortgages, but the customer will have to use a service provider nominated by Mortgage Trust. The maximum loan available is £500k. Redemption penalties will be applicable if repayments are made during the discounted period.
Customers must be aged 21 years and over at the time of application. The maximum age at the end of the mortgage term is 80 years. The maximum the Mortgage Trust will lend is £1 million. Landlords can have no more than five properties in their portfolios.
Mortgage Trust mortgages are not suitable for HMOs – only properties that are self-contained units are suitable for a mortgage from Mortgage Trust.
Applications for a Mortgage Trust mortgage can be made online via the Mortgage Trust website. Customers can also apply via a mortgage broker or solicitor. Existing customers can log into the website to check their current mortgage statement.
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