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TMW launches cashback mortgages for landlords

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  • 28/09/2016
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The Mortgage Works (TMW) has launched a cashback offer to landlords on a selected range of its buy-to-let mortgages.

The lender is also adding free valuations to a range of its products, on purchase and remortgage deals.

Landlords will benefit from £250 cashback and free valuations when they take out specific buy-to-let deals, which are as follows:

  • A two-year fix at 2.34% for those with a 35% deposit upfront
  • A two-year fix at 2.59% for those with 25% upfront
  • A five-year fix at 2.99% for those with 35% upfront
  • A five-year fix at 3.44% for those with 25% upfront
  • A two-year tracker at 2.29% for those with 35% upfront
  • A two-year tracker at 2.54% for those with 25% upfront.

All deals come with a £995 fee.

TMW is also expanding product choice by adding deals with cashback and free standard valuations to its range of options, which now include products with a 2% fee, a zero fee option as well as deals with flat fees of £1,995 and £995.

Paul Wootton, managing director of TMW, said: “The new products will also now provide access to the free standard valuation option for house purchase customers that was previously only available on remortgage. In addition, cashback is a useful substitute for free standard legals option for those remortgage customers who prefer to use their own solicitor.”

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