A fixed rate, two year mortgage has been introduced by The Mortgage Works (TMW) at 2.49 per cent for first time and experienced landlords.
In addition, TMW is making improvements of up to 0.7 per cent with rates starting from 2.49 per cent at 60 per cent loan to value, 2.89 per cent at 75 per cent LTV and 4.14 per cent at 80 per cent LTV.
TMW is also expanding its remortgage range with new products benefiting from free legals and valuations, and rates starting from 3.59 per cent. All 3.5 per cent arrangement fees on the standard buy-to-let range will be reduced to 2.5 per cent per cent.
The new buy-to-let product range includes:
- 2.49 per cent two-year fixed at 60 per cent LTV, with a 2.5 per cent fee
- 3.59 per cent two-year fixed at 60 per cent LTV, with a £995 fee and free standard legals and valuation (available for remortgage)
- 3.89 per cent two-year fixed at 75 per cent, with a £995 fee
Henry Jordan, managing director of The Mortgage Works, said: “TMW is now offering its lowest ever buy-to-let fixed rate, which is great news for both experienced and first-time landlords looking to maximise cash flow and for remortgage customers looking to better their standard variable rate.
“These changes further demonstrate our steadfast commitment to the buy-to-let sector, with landlords being able to secure market leading headline rates across all of our loan-to-value tiers up to 80 per cent.”
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