TMW slashes buy-to-let rates

Ryan Bembridge

September 8, 2016

buy-to-let buy to let house

The Mortgage Works has slashed buy-to-let rates by up to 0.35% – with the lender releasing its lowest ever headline rate of 1.79% for a 2-year fix to 65% loan-to-value with a 2.00% arrangement fee.

Other rates stand at 2.49% for a 2-year fix to 75% LTV with a £995 arrangement fee and a 2.99% 5-year fix to 65% LTV with a £995 arrangement fee, free standard valuation and free standard legals.

Paul Wootton, managing director of TMW, said: “TMW is looking to increase the competitiveness of its fixed rate mortgages for 2-year, 3-year and 5-year terms, helping to support landlords maintain a positive cash flow and help manage their costs.

The Mortgage Works upgrades online service

“We are also expanding the options for landlords with a variety of new products and varying fees, minimising upfront costs where needed with zero fee options and free valuations and legals, while offering increased payment security.”