The new rates include:
Buy To Let range: reductions across selected one, two and five-year fixed rate products by up to 0.40%, including:
- Buy To Let - Five-year fixed rate (purchase and remortgage) at 4.99% with a 3% fee, available up to 55% LTV (reduced by 0.15%)
- Buy To Let - Five-year fixed rate (purchase and remortgage) at 5.04% with a 3% fee, available up to 65% LTV (reduced by 0.15%)
- Buy To Let - Five-year fixed rate (purchase and remortgage) at 5.59% with a £1495 fee, available up to 75% LTV (reduced by 0.15%)
TMW is also reducing selected rates in its let to buy and large portfolio range by up to 0.40% and its HMO range by up to 0.50% for new business customers.
Full details on all rate changes can be found here.
Daniel Clinton, Head of Specialist Lending at The Mortgage Works, said: “We are pleased to announce further rate reductions following a sustained period of stability in the swap rate environment. These reductions will be well received by buy to let investors and provide welcomed relief over their repayments.”
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