The Mortgage Works cuts trackers and launches 10-year fix

Ryan Bembridge

May 23, 2018

The Mortgage Works has cut 2-year trackers by up to 0.45% and introducing a 10-year fixed rate mortgage at 3.49% to 75% loan-to-value.

Following the cut tracker rates now start at 1.49% to 65% loan-to-value with a £1,995 fee, with borrowers being able to switch to a fixed rate without incurring early repayment charges.

The 10-year fix comes with no arrangement fee and includes a free standard valuation as well as £250 cashback.

Paul Wootton, managing director of TMW, said: “The reductions to tracker rates and the new 10-year fixed rate product, which offers a significantly lower rate than previously, are aimed at widening choice for landlords who are looking to manage their cashflow and access competitive buy to let mortgage rates.

“Along with recent improvements to our product proposition, this further illustrates TMW’s continued commitment to supporting brokers and landlords.”

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