The Mortgage Works launches 55% LTV buy-to-let range
TMW says it has seen increasing demand in the market for low loan-to-value products.
"In recent times, we have seen an increasing demand in the market for low loan-to-value products"
The Mortgage Works, the specialist buy-to-let arm of Nationwide, has launched a new 55% LTV buy-to-let range for new and existing customers, covering house purchases and remortgages.
Five-year fixed rates start at 4.09% with a 3% fee, 4.44% with a £1,495 fee, or 4.74% fee-free.
Last month, TMW increased the window in which existing borrowers can switch to a new deal from six weeks to 13 weeks.
Dan Clinton, director of landlord at The Mortgage Works, said: “As one of the UK’s largest buy-to-let lenders, we always look to offer a wide range of mortgages to suit landlords' differing needs.
"In recent times, we have seen an increasing demand in the market for low loan-to-value products, which is why we’re pleased to be able to support landlords who have significant deposits with competitive products.”
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