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Home News Buy-to-let

The Mortgage Works increases buy to let LTV to 80 per cent

by admin1
May 12, 2010
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Tracie Pearce, head of products at The Mortgage Works said: "The increase in the loan to value on our buy to let range continues to demonstrate our commitment to supporting the housing market. We are the only lender to offer this level of borrowing which will help landlords without a large deposit. The Mortgage Works continues to have a long standing prudent approach to lending, offering landlords and intermediaries access to innovative, flexible mortgage solutions."

The product range:
1 year fixed rates:

4.69 per cent 80 per cent LTV 2.5 per cent Arrangement fee

5.69 per cent 80 per cent LTV 1.5 per cent Arrangement fee

5.99 per cent 80 per cent LTV £1795 Arrangement fee (This flat fee product has a capped maximum loan size of £250,000).

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1 year tracker:
4.69 per cent 80 per cent LTV 2.5 per cent Arrangement fee
18 month fixed rate:
5.49 per cent 80 per cent LTV 2.5 per cent Arrangement fee

2 year fixed rate:
5.99 per cent 80 per cent LTV 2.5 per cent Arrangement fee
3 year fixed rate:
5.99 per cent 80 per cent LTV 3 per cent Arrangement fee

 

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