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TMW cuts rates on fixed and tracker deals

  • 12/07/2017
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TMW cuts rates on fixed and tracker deals
The Mortgage Works has announced rate cuts across selected buy-to-let mortgage deals.

From 13 July selected two-year tracker products will see rates reduced by up to 0.30%, while five-year fixed rate deals are being cut by up to 0.15%.

Alongside these rate changes, a new five-year fixed rate HMO range is being introduced, starting at 3.69%.

Paul Wootton, managing director of TMW, said the lender wanted to “increase the competitiveness” of its product range.

He continued: “Our tracker products will continue to offer a switch to fix feature, meaning that landlords can switch to a fixed rate product at any time during the initial two-year deal period. Extending the range for HMO landlords by introducing a five-year fixed option will also allow us to offer a wider choice of products and continue to support landlords in their choices.”

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