The Mortgage Works (TMW) has made a number of changes to its buy-to-let product offering.
It has introduced purchase products with free valuations and free legals. It has also made a number of product withdrawals.
From tomorrow, 13 April, we’ll be launching an updated range of Buy to Let products.
TMW has improved its ‘easy’ remortgage range including 65% LTV products.
Fixed rate products have been launched including a two-year option at 5.49% with £799 flat fee.
12 and 18-month fixed rates are available up to 80% LTV.
A number of one-year fixed rates have been reduced by up to 0.50%.
Selected by-to-let trackers have been cut by up to 0.50% and the LTV increased from 70% to 75%.
The Nationwide-owned lender also says that rates have improved on selected First Time Landlord and Let to Buy products.
Interest rates for HMO and Limited Company ranges have increased.
Rental income criteria for 80% LTV products have been revised to 125% of product pay rate or 5.99%, whichever is higher.
