The Mortgage Works (TMW) is reducing its rates by up to 0.50 percentage points across the majority of its buy to let products for new and existing customers, with rates starting from 4.49%.
The reduced rates include:
- Buy To Let – Two-year fixed rate (purchase and remortgage) at 4.49% with a 3% fee, available up to 65% LTV (reduced by 0.25%)
- Buy To Let – Five-year fixed rate (purchase and remortgage) at 4.99% with a £1,495 fee, available up to 55% LTV (reduced by 0.15%)
- Buy To Let – Three-year fixed switcher rate at 4.84% with a 3% fee, available up to 65% LTV (reduced by 0.40%)
TMW head of specialist lending Daniel Clinton: “We remain as committed as ever to supporting brokers and landlords in the current market, which is why we’re pleased to announce more rate cuts across our range.
“Our products are some of the most competitive in the sector and, with rates now starting from 4.49%, these new deals will provide better cashflow opportunities for landlords.
“Moreover, with affordability linked to pay rates, these reduced rates will serve to improve affordability and help widen market access for buy to let investors”.
