TMW enhances BTL range

It is launching a two-year tracker at 75% LTV and a new lifetime variable rate product, plus making improvements on selected fixed rate products by up to 0.60%.

The two-year tracker has a rate of 3.99%, is available up to 75% LTV and has a 3.50% fee. The lifetime product has a variable rate of 4.99%, up to 65% LTV, with a 1.75% fee.

Further cashback options are also available on selected products for purchase and remortgage.

Commenting, Tracie Pearce, head of product management and pricing at The Mortgage Works, said: “We are very pleased to announce new buy-to-let products and rate improvements on existing fixed rate products, designed to give intermediaries and their clients even more options to choose from.

“We regularly review our mortgages to ensure their relevance and competitiveness in the market place and these changes are a further example of that.”