TMW overhauls products and cuts rates

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  • 14/01/2020
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TMW overhauls products and cuts rates
The Mortgage Works (TMW) has refreshed its offer adding new products and reducing rates across its new business range.

 

The new deals in buy-to-let (BTL) purchase and remortgage include a two-year fixed rate at 1.19 per cent at up to 65 per cent loan-to-value (LTV) with a two per cent fee.

The two-year fix at 65 per cent LTV with a £1,995 fee has been cut to 1.44 per cent from 1.49 per cent, while the zero fee option has been reduced to 1.89 per cent, from 2.39 per cent.

The lender has cut rates across the two-year fixes at higher LTVs as well as adding new products and cutting rates on five-year fixed products through the LTV range.

The BTL purchase and remortgage range with free valuation and £250 cashback saw a similar raft of product updates across two- and five-year fixed rates through the LTV range.

 

HMOs and large portfolios

Additionally, rate reductions continued on two- and five-year fixes across BTL further advance products with free valuation and Let to Buy purchase and remortgage products with free valuation and £250 cashback.

They extended across homes in multiple occupation (HMO) purchase, remortgage and further advance products with free valuation.

Large portfolio product rates have been reduced also, covering further advance products with free valuation; remortgage with free valuation and free legals; purchase and remortgage with free valuation and £250 cashback; and HMO purchase, remortgage and further advance products, all with free valuation. 

The limited company range saw cuts to two- and five-year fixed rates on purchase and remortgage products with free valuation and HMO purchase and remortgage with free valuation.

 

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