TMW cuts BTL rates by 0.30%

Jake Carter

June 17, 2021

cut rates

The Mortgage Works (TMW) has reduced selected 5-year fixed rate buy-to-let (BTL) remortgage rates by up to 0.30%.

Notable products include the 65% loan-to-value (LTV) 5-year fix cut by 0.30% to 1.69%, and the 75% LTV 5-year fix cut by 0.25% to 1.94%; both deals include a £1,995 fee, free legals and a free valuation.

TMW is also launching 2 and 5-year fixed rate buy to let mortgages for purchase and remortgage.

The products are a 65% LTV 2-year fix at 1.69%, a 75% LTV 2-year fix at 1.99%, a 65% LTV 5-year fix at 1.94%, and a 75% LTV 5-year fix at 2.29%.

All four products include a £995 fee.

Daniel Clinton, head of The Mortgage Works, said: “As one of the biggest buy to let lenders in the UK, we always seek to offer landlords a wide range of options.

“Our new products will give more choice to landlords looking to purchase a new property or remortgage to the Society.

“At the same time, we are reducing other products in the range to ensure we maintain our competitive position in the market.”

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