The Mortgage Works (TMW) has brought back its range of tracker buy-to-let products, having temporarily removed them at the end of October.
Products include a two-year tracker at 65 per cent loan to value (LTV) which is 2.89 per cent, which is bank base rate plus 0.64 per cent.
There is another two-year tracker at 75 per cent LTV at 2.99 per cent, which bank base rate plus 0.74 per cent.
Both are subject to a £1,995 fee and are available for purchase and remortgage.
The above are available for purchase and remortgage and other rate and fee combinations are available.
The lender added that all its tracker products come with a Switch to Fix facility, so customers can switch to an existing customer fixed rate at any time without incurring early repayment charges.
Daniel Clinton, TMW’s head, 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.”
TMW recently removed its tracker products and lifetime variable products at the end of October and updated its stress rate to offer a more tailored approach based on product term and type.
It had previously introduced a stress rate of 8.49 per cent as an interim measure earlier in the month to “better protect landlord cashflows during a period of interest rate turbulence”.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
