Competition in the buy-to-let market has continued with lenders competing to offer new rates all the way up to Christmas.
Mortgage Trust, by Paragon, claims to have pulled a "Christmas cracker" with four new limited quota buy-to-let products.
And Virgin launches a series of new buy-to-let deals from today, including a number of intermediary-only exclusives, with rates cut by up to 0.90%.
Mortgage Trust's new range includes a two-year tracker rate buy-to-let mortgage at 3.75% and a two-year fixed rate mortgage at 4.10%, both with a £500 cash contribution towards legal fees and a free valuation.
Its other new products are a two-year fixed rate at 3.99% and a two-year tracker at 3.59%.
All of the new products allow a maximum LTV of 75% and are available for purchase and remortgage with a £995 product fee.
John Heron, director of mortgages, said: “This has been a remarkably busy year for product development and we are ending this one on a high with four excellent products featuring great tracker rates, low fixed fees and a generous cash contribution.
“I believe these new features will prove attractive selling points for intermediaries and, given the current backdrop of strong rental demand, I don’t expect these products to be available in the market for long.”
These rates are only available online to registered intermediaries and funds can only be guaranteed for full applications with application fees paid.
Virgin has launched a new BTL mortgage range available from 2.89%.
The range includes a two-year fixed rate at 4.59% to 60% LTV with no product fee, a reduction of 0.50%, and a three-year fixed rate at 4.69% with no product fee to 60% LTV, a cut of 0.90%.
It has also launched a two-year tracker at 3.55% with a £995 product fee and a two-year tracker at 2.89% with a 2.5% product fee, both up to 60% LTV.
It has also launched two new buy-to-let products available exclusively through intermediaries:
Two year fixed rate at 2.89% to 60% LTV with a £2,495 product fee – a cut of 0.30%.
Two year fixed rate at 3.19% to 70% LTV with a £2,495 product fee – a cut of 0.15%.
Anthony Mooney, director of financial services at Virgin Money, said “We are delighted to announce the launch of our new range of competitive buy-to-let products, which underlines the importance we place on this segment of the market."
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