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Mortgage Next bullish after launching BTL tracker

Mortgage Next is launching a five-year buy to let tracker mortgage, funded by West Brom for Intermediaries.

The product will be available exclusively via members of the Mortgage Next Network and directly authorised brokers registered with Mortgage Next Partners, from today.

The product comes with an initial charging rate of base rate plus 0.7 per cent, for 5 years, followed thereafter by BBR + 0.99 per cent for the remainder of the term.

Mortgage Next marketing director Justine Tomlinson says: “There is no let-up in demand for BTL mortgages. This exclusive five-year tracker from West Brom not only has a highly competitive rate, but also comes with the benefit of no ERC’s, free legals on remortgages and a free valuation. It’s bound to be popular with both brokers and borrowers.”

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