The Mortgage Works launches new limited company fixed and tracker products

The Mortgage Works is expanding its limited company buy-to-let range with the introduction of new fixed and tracker products for new and existing customers.

For new landlord customers, The Mortgage Works is introducing a two-year tracker at 4.49%, available up to 75% LTV with a 2% fee and free valuation.

Also launching for new landlord customers is a two-year tracker at 4.99%, available up to 75% LTV with a £1,495 fee and free valuation, and a five-year fixed rate at 5.09%, available up to 75% LTV with a 5% fee and free valuation.

All three products are available for purchase, remortgage and further advance.

TMW is also reducing the rate on its limited company five-year fixed product by 0.02 percentage points to 5.20%. The product is available up to 75% LTV with a 3% fee and free valuation.

For existing limited company customers, The Mortgage Works is also introducing two new two-year tracker options, available up to 75% LTV, at 4.99% with a £1,495 fee and 5.29% with no fee.

All tracker products come with a ‘switch to fixed’ option, which allows for customers to change to a fixed deal at any time, with no early repayment charge.

Keir Fraser, lead manager at The Mortgage Works, said: “By introducing new fixed and tracker products, we’re giving limited company landlords greater choice, whether they are looking for the certainty of a fixed rate or the flexibility of a tracker. 

"This is the latest step in our ongoing support for limited company landlords, following our recent move to allow directors and shareholders to have more than one special purpose vehicle financed through The Mortgage Works.”