The Mortgage Works is launching new products for limited company buy-to-let (BTL) landlords from tomorrow, 8th October.
The lender is adding free legal options to its 2- and 5-year fixed rate remortgage products for limited companies.
Its limited company houses in multiple occupation (HMO) range will also now include 2- and 5-year fixed rate products with £1,495 and no fee options.
The new free legals products include a limited company BTL 2-year fixed rate at 3.99% up to 75% loan-to-value (LTV) with a 3% fee for remortgages only, which comes with free valuation and free standard legals.
There is also a 2-year fixed at 5.64% up to 75% LTV with no fee for remortgages, also with free valuation and free standard legals.
For 5-year fixes, options include a 4.57% rate up to 75% LTV with a 3% fee and a 5.29% rate up to 75% LTV with no fee, both remortgage only and both with free valuation and standard legals.
The new HMO products include a limited company HMO 2-year fixed rate at 5.34% up to 75% LTV with a £1,495 fee, and a 5-year fixed at 5.39% up to 75% LTV with the same fee.
Both are available for purchase, remortgage and further advance.
Joe Avarne, senior manager at The Mortgage Works, said: “We have been supporting limited company landlords for nearly eight years, and our offering continues to evolve to meet landlord needs.
“These latest changes broaden our product range and give landlords further choice in what is an ever-growing limited company buy-to-let market and put The Mortgage Works front of mind for landlords looking to remortgage to a new lender.”
