The Mortgage Works (TMW) has reduced rates across its buy-to-let products for new and existing borrowers by up to 0.5 per cent.
Pricing will be lowered from Saturday 28 October and start from 4.49 per cent.
This includes a two-year fixed rate product for purchase and remortgage at 65 per cent loan to value (LTV) with a rate of 4.49 per cent. This has been lowered by 0.25 per cent and has a three per cent fee.
Also at 65 per cent LTV, there is a three-year fixed rate switcher product which has been cut by 0.4 per cent to 4.84 per cent. This has a three per cent fee.
A five-year fixed rate at 55 per cent LTV has been reduced by 0.15 per cent to 4.99 per cent. This is available for purchase and remortgage and has a £1,495 fee.
Daniel Clinton, head of specialist lending at TMW, said: “We remain as committed as ever to supporting brokers and landlords in the current market, which is why we’re pleased to announce more rate cuts across our range.
“Our products are some of the most competitive in the sector and, with rates now starting from 4.49 per cent, these new deals will provide better cashflow opportunities for landlords. Moreover, with affordability linked to pay rates, these reduced rates will serve to improve affordability and help widen market access for buy-to-let investors.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
