News
TMW cuts fixed rates by up to 0.45% to offer sub-4% deals
The Mortgage Works (TMW) has lowered select fixed rates by up to 0.45%, with pricing beginning from 3.49%.
The lender’s two-year fixed buy-to-let purchase and remortgage rate at 65% loan to value (LTV) with a 3% fee has fallen by 0.05% to 3.49%.
TMW’s five-year limited company buy-to-let purchase and remortgage fixed rate at 70% LTV with a 5% fee has been cut by 0.25% to 4.59%.
The firm’s five-year limited company buy-to-let purchase and remortgage fixed rate at 75% LTV with a 3% fee has been cut by 0.3% to 4.99%.
The lender’s two-year limited company houses in multiple occupation (HMO) purchase and remortgage fixed rate at 75% LTV with a 3% fee will decrease by 0.45% to 4.94%.
Joe Avarne, senior manager, buy-to-let mortgages at TMW, said: “We are pleased to announce more rate cuts as it further demonstrates our ongoing commitment to brokers and landlords.
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“These latest reductions make us one of the most competitive buy-to-let mortgage lenders in the sector with rates now starting from 3.49%.”
TMW last lowered rates near the end of July, lowering new and existing customer rates by up to 0.25%.