The Buy-to-Let rate reductions for new customers include:
- Two-year fixed rate (purchase and remortgage) at 3.69% with a 3% fee, available up to 65% LTV (reduced by 0.50%)
- New Two-year fixed rate (purchase and remortgage) at 3.99% with a £3,995 fee, available up to 75% LTV
- Two-year fixed rate (purchase and remortgage) at 5.29% with a 2% fee, available up to 80% LTV (reduced by 1.20%)
- Five-year fixed rate (purchase and remortgage) at 3.94% with a 3% fee, available up to 55% LTV (reduced by 0.40%)
In addition, TMW is pleased to introduce a new fee option for landlords of £3,995 with competitive rates for this product starting from 3.89%. This new fee option will be introduced for Buy-To-Let and Limited Company, available for both new and existing customers.
Full details on all rate changes can be found here.
Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “With rates starting from 3.69% these cuts will see TMW offering some of the lowest rates in the market and is our lowest headline rate offering since May 2023. These changes demonstrate our continued support to landlords and the sector.”
