The new buy-to-let rates include:
- One-year fixed at 3.79% with a 2% fee, available up to 75% LTV (reduced by 0.20%)
- Two-year fixed at 3.99% with a 3% fee, available up to 65% LTV (reduced by 0.40%)
- Five-year fixed at 4.24% with a 3% fee, available up to 65% LTV (reduced by 0.25%)
Other rate/fee combinations also available on TMW’s switcher products.
Full details on all switcher rate reductions can be found here.
Daniel Clinton, Director of Landlord at The Mortgage Works, said: “These rate cuts demonstrate our continued commitment to supporting our existing landlord customers who are coming to the end of their current TMW deal. The reductions will mean our buy-to-let switcher range will be even more competitive and a good option for landlords looking to maximise cashflow by helping them manage payments when they finish their existing deal.”
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