TMW launches new buy-to-let rates from 2.79%

The Mortgage Works (TMW) is reducing selected buy-to-let rates for new and existing customers by up to 0.35%, with rates now starting from 2.79%.

Available from tomorrow, remortgage highlights include a two-year fix at 2.99% up to 65% LTV and a five-year fix at 3.82% up to 75% LTV, both with a 3% fee, free valuation and free legals.

A limited company five-year fixed rate - available for purchase, remortgage and further advance - has reduced to 4.67% at 75% LTV with a 3% fee.

In addition, a HMO two-year fixed rate is down by 35bps to 5.49% with a £1,495 fee, available up to 75% LTV.

In TMW's switcher range, two-year fixed rates now start from 2.99% at 65% LTV with a 3% fee and 4.12% with a £1,495 fee.

A limited company two-year fixed rate has reduced by 30bps to 4.14% with a 3% fee, available up to 75% LTV.

Joe Avarne, senior manager at The Mortgage Works, said: “We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords. These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector.”