TMW cuts limited company BTL rates by up to 0.35%

Jake Carter

May 6, 2021

cut rates

The Mortgage Works (TMW) is set to reduce rates across its limited company buy-to-let (BTL) range by up to 0.35%. 

Products include a 75% LTV 2-year fix, cut by 0.25% to 2.94%, and a 75% LTV 5-year fix, cut by 0.30% to 3.34%; both include a £1,995 fee.

The 75% LTV 2-year fix has also been cut, seeing a reduction of 0.35% to 2.99%, and the 75% LTV 5-year fix has been cut by 0.35% to 3.39%; both deals include a £995 fee.

All of the above are available for purchase and remortgage and come with free valuation.

In addition, TMW will also be reducing the rate on its 2-year fixed rate BTL remortgage product, up to 65% LTV, by 0.20% to 1.39% with a £1,995 fee.

This comes with both free valuation and free legals.

The amendments will take place on Friday 7 May.

Daniel Clinton, head of The Mortgage Works, said: “The limited company part of the market continues to grow as more and more landlords choose to build their portfolios through limited companies.

“These latest changes will improve our competitive position and showcase our continued commitment and support to limited company landlords.”

Sign up to our daily email