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TMW to cut new business rates by up to 0.35% with sub-4% deals available

TMW to cut new business rates by up to 0.35% with sub-4% deals available
Anna Sagar
Written By:
Posted:
September 25, 2024
Updated:
September 25, 2024

The Mortgage Works (TMW) has reduced selected new business buy-to-let (BTL) rates by up to 0.35%, with rates starting from 3.49%.

Within its new business range, its five-year fixed purchase and remortgage rate has fallen by 0.1% to 3.69% with a 3% fee. It is available up to 65% loan to value (LTV).

The firm’s two-year fixed purchase and remortgage rate with a £3,995 fee at 65% LTV has decreased by 0.35% to 3.99%.

Its five-year fixed purchase and remortgage rate with a £3,995 fee up to 65% LTV has gone down by 0.15% to 3.99%.

Joe Avarne, senior manager of BTL mortgages at TMW, said: “With rates starting from 3.49%, these latest reductions from TMW will help widen market access for buy-to-let investors.”

TMW lowered switcher rates earlier this month.

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