It also reduces selected rates
The Mortgage Works (TMW) has launched two new buy-to-let products for limited companies and reduced selected limited company rates.
One of the new limited company products is the two-year fix, 75% LTV at 3.49% with a 2% fee and is available for purchase, remortgage, and further advances. It also comes with free standard valuations.
The second one is the two-year fix, 75% LTV at 3.74% with a 2% fee and is available for remortgage and comes with free standard valuations.
TMW has also reduced selected limited company rates by up to 0.15%. The products with the new rates are the two-year fix, 75% LTV at 3.99% with a £1,995 fee; the two-year fix, 75% LTV at 4.09% with a £995 fee; the five-year fix, 75% LTV at 3.84% with a £1,995 fee; and the five-year fix, 75% LTV at 3.89% with a £995 fee.
TMW said these are available for purchase and remortgage, with other rates or fee combinations also available.
“Many landlords are choosing to manage their portfolio through a limited company,” Daniel Clinton, head of The Mortgage Works, said. “By expanding our range of mortgages on offer to these landlords and making reductions to our rates, we are demonstrating our support for this important and growing segment of the market.”
