TMW relaunches buy-to-let tracker range
Last week, TMW returned to tailored buy-to-let stress rates.
"Following a brief withdrawal we have reintroduced our range of tracker buy to let mortgages supporting landlords looking for greater flexibility versus current fixed rate options."
The Mortgage Works has reintroduced its range of tracker buy-to-let mortgages.
Two-year trackers are available from 2.89% up to 65% LTV and 2.99% up to 75% LTV, both with a £1,995 fee.
Both products are available for purchase and remortgage with other rate/fee combinations also available.
All TMW tracker products come with the 'Switch to Fix' facility which allows customers to switch to an existing customer fixed rate at any time without incurring early repayment charges.
Last week, TMW returned to tailored buy-to-let stress rates and temporarily withdrew its buy-to-let tracker range as part of the changes.
For tracker and variable rates, the stress rate will be applied at pay rate + 5.00% for non-limited company and pay rate + 4.00% for limited company.
Daniel Clinton, head of The Mortgage Works, said: “Following a brief withdrawal we have reintroduced our range of tracker buy to let mortgages supporting landlords looking for greater flexibility versus current fixed rate options.”
