TMW announces new and enhanced buy to let range

Monday, 19 March 2012 09:38

The Mortgage Works has given its buy to let range a makeover, with the launch of a two year tracker and a lifetime variable rate mortgage.

The two year tracker mortgage has a lending rate of 3.99 per cent and is available up to 75 per cent LTV.

It comes with a 3.5 per cent fee and is open to property buyers and remortgagers.

The lifetime variable rate package is being offered at 4.99 per cent up to 65 per cent LTV with a 1.75 per cent fee, also available for purchase and remortgage.

In addition, further cashback options are now available on selected products, while selected fixed rate products have been trimmed by up to 0.6 per cent.

Tracie Pearce, head of product management and pricing at The Mortgage Works, said: “We are very pleased to announce new buy to let products and rate improvements on existing fixed rate products.

“We regularly review our mortgages to ensure their relevance and competitiveness in the market place and these changes are a further example of that.”


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