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The Mortgage Works improves its buy-to-let range

Nia Williams

October 12, 2010

The changes to existing products:

Two-year fixed rate buy-to-let mortgage, reduced from 4.99% to 4.79%, 70% LTV and with a 2.50% fee.

Two-year fixed rate buy-to-let mortgage, reduced from 5.19% to 4.99%, 75% LTV and with a 2.50% fee.

Three-year fixed rate buy-to-let mortgage, reduced from 5.49% to 5.39%, 75% LTV and with a 2.50% fee.

Two-year fixed rate let-to-buy mortgage, reduced from 5.39% to 5.09%, 75% LTV and with a 2.50% fee.

Three-year fixed rate let-to-buy, reduced from 5.69% to 5.49%, 75% LTV and with a 2.50% fee

Two-year fixed rate first-time landlord mortgage, reduced from 5.39% to 5.09%, 75% LTV and with a 2.50% fee

Three-year fixed rate first-time landlord mortgage, reduced from 5.69% to 5.49%, 75% LTV with a 2.50% fee

The additions to the buy-to-let product range are:

A new let-to-buy two-year fixed rate mortgage at 4.89%, 70% LTV and 2.50% fee.

A new first-time landlord two-year fixed rate mortgage at 4.89%, 70% LTV and 2.50% fee.

Tracie Pearce, head of products for The Mortgage Works said: “These changes further demonstrate the competitiveness of TMW’s product offering, and improve the chances of first-time landlords getting into the buy-to-let market. We know that throughout these challenging times, landlords want a greater choice of competitive products and these new enhancements will do just this, ensuring that TMW remains the market leading partner of choice for intermediaries and landlords.”


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