The Mortgage Works (TMW) has unveiled a new buy-to-let range aimed at first time landlords.
In addition, TMW is introducing a wider choice of £995 fee products and reducing the fee on its one year fixed rate mortgage by 1.00%.
New products include:
- 2.99% one-year fixed at 75% LTV, with a 2.50% fee
- 5.39% two-year fixed at 80% LTV, with a £995 fee
- 4.24% three-year fixed at 65% LTV, with a £995 fee
- 4.29% five-year fixed at 65% LTV, with a £995 fee
The one year buy-to-let tracker product, with a rate of 3.99%, has bewn withdrawn.
Henry Jordan, managing director of The Mortgage Works, said: “I am delighted to announce that first time landlords now have access to a wider range of TMW products. With rates starting from as low as just 2.74%, these customers can now take advantage of products that will help maximise their cash flow.
“We are also increasing the number of products that have an arrangement fee of £995. Together these moves underline the fact that TMW is committed to offering wider choice and flexibility to both first time and experienced landlords.”
