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TMW cuts limited company buy-to-let deals up to 0.3 per cent

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  • 10/06/2019
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TMW cuts limited company buy-to-let deals up to 0.3 per cent
The Mortgage Works (TMW) is cutting rates on selected limited company buy-to-let (BTL) mortgage products by up to 0.3 per cent from 11 June.

 

The BTL arm of Nationwide Building Society has also introduced a series of fixed-rate purchase and remortgage products with a £1,995 fee.

Rates start at 1.64 per cent for the up to 65 per cent loan to value (LTV) deal with free valuation and a £250 cashback.

Additional options have been added in the large portfolio range, with new further advance and let to buy deals.

 

Rate cuts

The TMW fixed rate two-year limited company products will be cut by up to 0.2 per cent. Two- and five-year limited company house of multiple occupation (HMO) options will be reduced by up to 0.3 per cent.

The two-year fixed rate limited company product at up to 75 per cent LTV with a £1,995 fee starts at 2.84 per cent, reduced from 2.99 per cent. For the zero fee, option rates now start at 3.29 per cent, reduced from 3.49 per cent.

For the limited company HMO mortgages, the two-year fixed rate product at up to 75 per cent LTV, with a £1,995, starts at 3.49 per cent, reduced from 3.79 per cent.

The five-year fixed rate at up to 75 per cent LTV has been reduced from 3.99 per cent to 3.74 per cent.

All these are available for purchase and remortgage and come with a free valuation.

TMW managing director Paul Wootton said: “This range of changes is designed to support landlords, including those looking for limited company and HMO options as well as those with large portfolios.”

 

 

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