BTL lender reduces rates across new business and switcher range
The Mortgage Works (TMW) has made rate reductions of up to 50 basis points (bps) on the majority of its buy-to-let products for new and existing customers.
Products which had their rates slashed include a 4.49% two-year fixed rate at 65% loan-to-value with a 3% fee and a 4.99% five-year fixed rate at 55% LTV with a £1,495 fee – both deals are available for purchase and remortgage, as well as a 4.84% three-year fixed switcher rate at 65% LTV with a 3% fee.
Full details on the latest rate reductions made by TMW, the buy-to-let mortgage lender of Nationwide Building Society, can be found on its website.
“We remain as committed as ever to supporting brokers and landlords in the current market, which is why we’re pleased to announce more rate cuts across our range,” said Daniel Clinton, head of specialist lending at The Mortgage Works.
“Our products are some of the most competitive in the sector and, with rates now starting from 4.49%, these new deals will provide better cashflow opportunities for landlords.
“Moreover, with affordability linked to pay rates, these reduced rates will serve to improve affordability and help widen market access for buy-to-let investors.”
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