TMW to launch first sub-2% 5-year fix

Ryan Bembridge

February 13, 2018

The Mortgage Works will launch a 5-year fixed rate product at 1.99% to 50% loan-to-value with a £1,995 fee tomorrow.

Also available will be a fee free 5-year fix at 2.39% to 50% LTV.

Paul Wootton, managing director of TMW, said: “TMW is offering landlords a range of new buy to let deals with competitive rates in the market, including our lowest ever 5 year fixed rate product.

“The aim is to help landlords to manage ongoing costs and offer a wider choice of options.

“This is particularly important in an environment where managing cashflow and costs has become increasing significant for both portfolio and smaller scale landlords.”

TMW has also reduced some buy-to-let rates by up to 0.15%, with 2-year fixes starting from 2.14%.

Meanwhile for those switching products rates now start at 1.99%.

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