TMW revamps B2L range

TMW, which is part of the Nationwide Building Society group, is expanding its mortgage range with new 2-year fixed rate products at 75% loan to value, with rates starting at 3.64%.

A remortgage option is available with free standard valuation and legals and a rate of 3.84%. Both have an arrangement fee of £1,995.

Adding to TMW’s range of Buy to Let products are new 3-year and 5-year fixed rates at 75% LTV. The 3-year fixed rate mortgage has a rate of 4.49%, while the rate for the 5-year fixed rate mortgage is 4.99%%, both with a fee of £995

There is also a new Lifetime Variable rate, linked to the TMW Managed Rate, currently at 4.99%. This product is free of an ERC after six months, providing landlords with the option of greater flexibility. This comes with an arrangement fee of £995 and is available up to 75% LTV.

Henry Jordan, managing director of The Mortgage Works, said: “TMW is now expanding on its range of competitive fixed and variable rate buy-to-let products, which is great news for both experienced and first-time landlords and for those customers looking to better their standard variable rate.

“The new longer term three and five year fixed rate products can offer landlords greater payment security, whilst the new 2-year fixed rate products provide more choice for landlords, especially those with larger loan requirements.

“These changes further demonstrate our steadfast commitment to supporting landlords in the buy-to-let sector.”