The Mortgage Works cuts rates for new customers

Published on

The Mortgage Works (TMW) has reduced rates by up to 0.30 percentage points across selected buy-to-let mortgage products for new customers.

The rate reductions have seen rates now starting from 3.24%.

The updated rates include:

  • Buy-to-let two-year fixed (purchase & remortgage) – 3.24% with a 3% fee, up to 65% LTV (reduced by 15bps)
  • Buy-to-let two-year fixed (remortgage only) – 3.54% with a 3% fee, up to 65% LTV (reduced by 20bps)
  • Buy-to-let two-year fixed (remortgage only) – 4.84% with no fee, up to 65% LTV (reduced by 30bps)

Joe Avarne, senior manager at The Mortgage Works, said: “With rates starting from 3.24%, these latest reductions from The Mortgage Works will help widen market access for buy-to-let investors.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...