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The Mortgage Works adds 55 per cent LTV deals
Buy-to-let specialist The Mortgage Works (TMW) has brought out 55 per cent loan to value (LTV) deals for new and existing customers.
The deals are eligible for both purchase and remortgage.
The deals include a five-year fixed rate with a three per cent fee, which is priced at 4.09 per cent.
Its product with a £1,495 fee has a rate of 4.44 per cent, whilst its no-fee version has a 4.74 per cent rate.
‘Increased demand for low LTV products’
Dan Clinton, head of specialist lending at TMW, said: “As one of the UK’s largest buy-to-let lenders, we always look to offer a wide range of mortgages to suit landlords’ differing needs.
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“In recent times, we have seen an increasing demand in the market for low LTV products, which is why we’re pleased to be able to support landlords who have significant deposits with competitive products.”
The lender recently lowered some of its buy-to-let rates by around 0.5 per cent and cut its stress rate for lower rate taxpayers.
It also reintroduced its buy-to-let tracker deals.