TMW slashes buy-to-let rates

Its new 60% LTV mortgages are a 2-year fix at 2.84%, 3-year fix at 3.39% and a 5-year fix at 3.89%, all with a £995 fee.

Henry Jordan, managing director of The Mortgage Works, said: “Landlords are keen to access competitively-priced fixed rate deals, especially now that there is increasing discussion surrounding the possibility of an interest rate rise.

“TMW has introduced rate reductions focused on lower LTV products, improving the competitiveness of products for landlords with a larger deposit and allowing them to fix for the longer-term.

“The refreshed range of fixed and variable rate products is great news for both experienced and first-time landlords and for those customers looking to better their current rate.”

Selected products up to 75% LTV have also been reduced by up to 0.50%.