On Thursday 25 November, The Mortgage Works (TMW) will be introducing a new cashback range for landlords looking to remortgage, while a new free valuation range will also be introduced for those looking to purchase or remortgage.
Landlords looking to remortgage to TMW will be able to choose from a range of competitive mortgages that all come with a £400 cashback and free standard buy-to-let valuation.
Rates on the new cashback range include:
- Two-year fixed at 65% LTV at 1.24% with a 2% product fee.
- Two-year fixed at 75% LTV at 1.79% with a £995 product fee.
- Five-year fixed at 65% LTV at 1.74% with a £995 product fee.
- Five-year fixed at 75% LTV at 1.99% with a £995 product fee.
At the same time, The Mortgage Works will also be introducing a new mortgage range for landlords looking to purchase a property, which also comes with free standard valuations. Rates on this range start from 1.54% for a two-year fix and 1.94% for a five-year fixed product.
TMW’s new cashback offering will replace the existing range, which is only available until the close of business today (Wednesday 24 November).
Full details on all TMW mortgages can be found here.
Daniel Clinton, Head of Lending at The Mortgage Works, said: “In the current economic environment, we have seen strong demand from landlords looking to remortgage to The Mortgage Works. As a result, we’re enhancing our remortgage offering to include a competitive £400 cashback option, which landlords can use to cover the legal expenses when sourcing their own conveyancer.”
