The Mortgage Works (TMW) will be reducing selected Limited Company buy-to-let rates by up to 0.20% and launching a range of no fee options to the range. At the same time, TMW will also introduce a new 10-year fixed buy-to-let mortgage to its range.
The new rates available for purchase and remortgage include:
- Two-year fixed at 75% LTV at 2.49% with a £1,995 product fee.
- Two-year fixed at 75% LTV at 2.94% with no product fee.
- Five-year fixed at 75% LTV at 2.99% with a £1,995 product fee.
- Five-year fixed at 75% LTV at 3.19% with no product fee.
All the above come with free valuation and a range of Limited Company buy to let mortgages with free standard legals are also available.
TMW will also be introducing a 10-year fixed mortgage to its range of buy-to-let mortgages. The new product at 65% LTV will have a competitive rate of 2.44% with no product fee. Landlords will also benefit from free valuation.
Full details on all TMW mortgages can be found here.
Daniel Clinton, head of lending at The Mortgage Works, said: “Over the last few years, we have seen more and more landlords build their portfolios through limited companies following changes to the tax regime.
“As a leading buy-to-let mortgage provider, we always look to offer a range of competitive mortgages to suit whatever the landlord’s circumstances. These latest products reinforce our support for the limited company market.
“In the current economic climate, we know that many landlords are looking to fix their repayments for a longer period, which is why we have also introduced a new 10-year fixed product to our buy to let range.”
