Complex Buy To Let
Rate cuts and products launched at TMW
Nationwide subsidiary, The Mortgage Works has cut rates on selected two-year fixed and tracker mortgages by up to 0.25 per cent.
In addition, rates on some limited company mortgage deals, available on both purchase or remortgage, have been reduced by 0.35 per cent.
These rates now start at 2.99 per cent for a two-year fixed rate at up to 75 per cent with a £1,995 fee, and 3.49 per cent for a five-year fix at up to 75 per cent with a £1,995 fee.
Alongside the rate cuts TMW is introducing a new fee-free range of fixed and tracker deals at up 65 per cent and 75 per cent LTV.
Rates for the new two-year deal start at 2.44 per cent, while the five-year starts at 3.09 per cent. For tracker deals, rates start at 2.29 per cent.
Paul Wootton (pictured), managing director of TMW, said the changes were designed to support a wide range of landlords, giving them access to a wider choice of deals in order to manage their cashflow.
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“This illustrates TMW’s continued commitment to supporting intermediaries and landlords,” he added.