TMW cuts buy-to-let mortgage rates by up to 0.35 per cent

by:
  • 15/10/2019
  • 0
TMW cuts buy-to-let mortgage rates by up to 0.35 per cent
The Mortgage Works (TMW) is reducing five-year fixed rate buy-to-let mortgages by up to 0.35 per cent and two-year fixes by up to 0.25 per cent.

 

Cuts by the buy-to-let arm of the Nationwide Building Society include a five-year fixed rate product at up to 80 per cent loan to value (LTV) with a £995 fee, free valuation and £250 cashback at 3.59 per cent, down from 3.84 per cent.

For those with a large portfolio, rates for the five-year fix start at 3.29 per cent for the up to 75 per cent LTV product with a £1,995 fee, down from 3.39 per cent.

Meanwhile the 75 per cent LTV two-year fixes start at 2.59 per cent with a £1,995 fee, down from 2.84 per cent.

Limited company mortgage rates for five-year deals at up to 75 per cent LTV start at 3.34 per cent, reduced from 3.49 per cent, with a £1,995 fee and free valuation.

The selected rate reductions apply to both purchase and remortgage buy to let mortgage products.

TMW director of mortgages Henry Jordan said: “In the current economic climate many landlords are looking for payment security to manage their cashflow.

“These selected reductions across our five-year fixed rate buy to let mortgage range enhances choices for landlords who want to secure their repayments over the medium term.”

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Crazy regulation quirks of buy-to-let need overhauling – Syms

When presenting to our new buy-to-let (BTL) mortgage adviser recruits on the Connect Academy, we outline the regulation of mortgages...

Close