You are here: Home - News -

TMW ups buy-to-let LTVs to 80%

  • 21/03/2018
  • 0
TMW ups buy-to-let LTVs to 80%
The Mortgage Works (TMW) is reintroducing 80% loan to value (LTV) products to its range of buy-to-let mortgages.

The increase in maximum LTV for buy-to-let mortgages, from 75% to 80%, includes purchase and remortgage products for first-time and experienced landlords, as well as let-to-buy.

The same criteria will apply to those products available through the current limited company range, which is being piloted.

Applications for products of less than five years above 75% LTV will be stressed at 5.99% or pay rate plus 2%, whichever is the higher.

For terms of five years or more the stress rate is 4.99%.

The maximum loan per property is £350,000.


HMOs at 75%

Two-year fixed rate 80% LTV products start at 2.99% with a 2% fee and 3.99% rate with no fee and are available for purchase and remortgage.

Meanwhile, five-year fixed rate products start at 3.59% with a 2% fee and 4.19% rate with no fee.

In addition, the maximum LTV for buy-to-let mortgages on houses of multiple occupation (HMOs) will increase from 65% to 75%.

Nationwide director of specialist lending Paul Wootton said: “TMW is extending its range of mortgage products to include loans at up to 80% LTV to give greater choice and more options for landlords, including those taking out new buy-to-let mortgages and those looking to refinance existing borrowing.

“TMW is entering an established part of the market to offer a range of competitive rates to landlords working to manage their costs, including for those with smaller amounts of capital invested,” he added.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
buy to let BTL
One Savings Bank confirms minimum energy rating required on buy-to-let lending

One Savings Bank has confirmed it will only lend on residential buy-to-let and commercial properties that achieve an E rating...