TMW cuts selected rates by up to 0.50%

Mortgage Introducer

October 13, 2021

The Mortgage Works (TMW) is reducing selected buy-to-let rates by up to 0.50%.

The rate cuts see limited company rates reduced by 0.50%, starting from 2.59% for a 2-year fixed at 75% loan-to-value (LTV) with a £1,995 product fee.

For buy-to-let 2-year fixes at 80% LTV are reduced by 0.25% with rates now starting from 2.24% with a 2% fee.

TMW’s range of 80% LTV products continues to only be available on properties with an EPC rating of C or above.

Earlier this year, TMW launched its Green Further Advance to help landlords fund improvements to their properties to help increase their energy efficiency.

Daniel Clinton, head of The Mortgage Works, said: “This latest change sees the largest reductions on limited company mortgages, which is an important and growing segment of the market.

“Many landlords are increasingly choosing to expand their portfolio in this way following the changes to tax relief on individual ownership. At the same time, we are also reducing rates on our range of 80% loan to value mortgages, helping those with smaller deposits.”

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