TMW launches 10-year B2L fix
TMW, part of Nationwide Group, has also launched a 5-year fix at 4.49% to 80% LTV with a 2.50% fee, while its 75% LTV 5-year fix start at 4.19%.
Henry Jordan, managing director of TMW, said: “TMW’s 10-year fixed rate product is currently the only option in the market for those landlords looking to secure their payments for the long-term.
“It will fill a gap in the market that has seen a trend towards opting for longer term options. With longer-term fixed rate buy-to-let mortgages available at historically low rates, now could be the perfect time for both experienced and first time landlords to lock in payments against future rate rises.
“With our lowest stress rate of 4.99% applicable on all fixed rate terms of 5 years or more, regardless of LTV, our new 5-year fixed rate deals at 80% LTV will be particularly attractive to landlords with smaller deposits.”