TMW launches new buy-to-let rates from 3.14%

The Mortgage Works has reduced rates on selected two and five-year fixed rate products across its mortgage range.

Limited company buy-to-let products will see reductions of up to 0.25%, while buy-to-let and let-to-buy products will see rate cuts of up to 0.20%.

Available for purchase and remortgage, two-year fixed rates now start from 3.14% with a 3% fee, available up to 65% LTV, while a five-year fix at 75% LTV has reduced to 4.34% with a £1,495 fee.

A limited company buy-to-let five-year fixed rate is down by 25bps to 5.34% with a £1,495 fee, available up to 75% LTV with a free valuation.

Limited company cashback range

The Mortgage Works is also introducing a new range of five-year fixed rate buy-to-let products for limited company landlords looking to remortgage, all of which will come with free valuation and £750 cashback.

Rates start from 4.99% at 75% LTV with a 3% fee, 5.29% with a £3,995 fee, and 5.69% with no fee.

Joe Avarne, Senior Manager at The Mortgage Works, said: “These latest rate cuts across our mortgage range should come as great news for landlords and will position The Mortgage Works as one of the most competitive lenders in the market. The introduction of our limited company cashback range also shows how we continue to innovate and enhance our product range to ensure we meet the needs of landlords. We know that the £750 cashback will be a welcome benefit for customers remortgaging to The Mortgage Works.”