Mortgage Express is launching a range of buy to let products including a market-leading three year discount mortgage.
The new products are:
Three year discount with a pay rate of 5.49 per cent, a three year discount with a pay rate of 5.69 per cent and a one year discount with a pay rate of 3.49 per cent.
For both of the three year discount rate deals, the 130 per cent rental cover is calculated by applying the advertised pay rate. For the one year discount rate deal, the 130 per cent rental cover is calculated by applying the BTL variable rate which is currently 6.5 per cent.
Mortgage Express head of business development Tim Sturley says: “Brokers and their customers will no doubt be pleased with these new deals which will help them to take advantage of the many investment opportunities that continue within the BTL market.”