The Mortgage Works (TMW) will be reducing selected fixed buy-to-let rates by up to 0.95% from tomorrow, Friday the 25th of November.
In addition, TMW will be adjusting its range to offer products with various fee options.
The new buy-to-let rates include, 1-year fixed at 3.89% with a 2% fee, available up to 75% LTV, a 2-year fixed at 4.29% with a 3% fee, available up to 65% LTV, as well as a 5-year fixed at 4.69% with a 3% fee, available up to 65% LTV.
Daniel Clinton, director of landlords at The Mortgage Works, said: “Greater market stability and a downward trend in swap rates means we’re able to make further reductions to our buy-to-let mortgage range and continue to support landlords looking to manage their finances through fixed rates.
“TMW offers landlords a broad range of options to meet their varying needs and the new, reduced fee options we’re also introducing will simplify our mortgage range and demonstrate to landlords that TMW is very much open for business.”
TMW is also simplifying its range by introducing a new, uniform set of fee options across its mortgage range.
In addition to products that come with a 3% fee, landlords will also be able to choose from TMW products with reduced fees – either a £1,495 fee or a £0 fee.
These will replace the existing products that come with £1,995 and £995 fees.
