The Mortgage Works has today introduced a series of new products designed to strengthen its appeal in the growing limited company buy-to-let sector.
The lender has added free legal options to its two and five-year fixed rate limited company remortgage products, as well as expanding its limited company Houses in Multiple Occupation (HMO) range to include new fee and no-fee options.
Among the new additions are remortgage-only products offering free valuations and standard legals, including a two-year fixed rate at 3.99% up to 75% loan-to-value (LTV) with a 3% fee, and a five-year fixed rate at 4.57% with the same fee. No-fee equivalents are available at 5.64% and 5.29%, respectively.
The lender’s limited company HMO range now includes two and five-year fixed rates at 5.34% and 5.39%, each carrying a £1,495 fee, available for purchase, remortgage and further advance.
Joe Avarne, senior manager at The Mortgage Works, said: “We have been supporting limited company landlords for nearly eight years, and our offering continues to evolve to meet landlord needs.
“These latest changes broaden our product range and give landlords further choice in what is an ever-growing limited company buy-to-let market and put The Mortgage Works front of mind for landlords looking to remortgage to a new lender.”
The changes mark the latest move by the specialist lender to enhance its position in the limited company segment, which has seen steady growth in recent years as landlords seek more flexible and tax-efficient ways to structure their portfolios.
