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TMW slashes limited company and HMO ranges
The Mortgage Works (TMW) will reduce rates by up to 0.3 per cent across its limited company and houses in multiple occupation (HMO) for new customers.
The changes will come into force from 28 November.
Examples of the changes in its limited company range include the one-year fixed rate for purchase and remortgage at 75 per cent loan to value (LTV), which will decrease by 0.3 per cent to 5.19 per cent. It is subject to a two per cent fee.
Its two-year fixed rate for purchase and remortgage at 75 per cent LTV will fall by 0.3 per cent to 5.19 per cent. It has a three per cent fee.
The lender’s five-year fixed rate for purchase and remortgage at 75 per cent LTV will go down by 0.1 per cent to 4.89 per cent. It has a five per cent fee.
Daniel Clinton, head of specialist lending at TMW, said: “These latest rate cuts demonstrate our commitment to the buy-to-let sector as we continue to offer some of the most competitive rates in the market.
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“This is our fourth reduction in five weeks with these particular reductions focusing on supporting limited company and HMO landlords.”