The Mortgage Works is launching a pair of limited company buy-to-let deals as well as cutting rates on selected fixed rates by up to 50 basis points tomorrow.
The new limited company deals are for purchase only and include a free standard valuation and legals.
The new products are:
- Two-year fixed rate of 3.39%, available up to 75% LTV, with a £1,995 fee.
- Five-year fixed rate of 3.39%, available up to 75% LTV, with a £1,995 fee.
TMW’s buy-to-let rate cuts include:
- Remortgage five-year fixed rates up to 65% LTV reduced by up to 30 basis points with rates starting from 1.59% with a 2% fee, including free valuation and free legals.
- Remortgage five-year fixed rates up to 75% LTV reduced by up to 40 bps with rates starting from 1.79% with a 2% fee, including free valuation and free legals.
- Limited company five-year fixed rates up to 75% LTV reduced by up to 50 bps with rates starting from 3.09% with £1,995 fee, including a free valuation.
TMW head Daniel Clinton says: “There are a number of costs to consider when investing in a BTL property, particularly for incorporated landlords where conveyancing fees can be higher.
“Our new purchase products with free standard legal and valuation fees aim to help minimise upfront costs.
“At the same time, we’re also reducing selected rates across our range to maintain a competitive position and ensure we continue to offer landlords a wide range of options.”
