The new buy-to-let remortgage rates include:
- Five-year fixed rate up to 65% LTV reduced by 0.30% to 1.69% with a £1,995 fee.
- Five-year fixed rate up to 75% LTV reduced by 0.25% to 1.94% with a £1,995 fee.
All of the above come with free valuation and free legals.
New products
TMW is also launching new two and five-year fixed rate buy to let mortgages for purchase and remortgage, with rates starting from a competitive 1.69%.
The new products are:
- Two-year fixed rate of 1.69%, available up to 65% LTV, with a £995 fee.
- Two-year fixed rate of 1.99%, available up to 75% LTV, with a £995 fee.
- Five-year fixed rate of 1.94%, available up to 65% LTV, with a £995 fee.
- Five-year fixed rate of 2.29%, available up to 75% LTV, with a £995 fee.
Full details on all TMW mortgages can be found here.
Daniel Clinton, Head of The Mortgage Works, said: “As one of the biggest buy to let lenders in the UK, we always seek to offer landlords a wide range of options. Our new products will give more choice to landlords looking to purchase a new property or remortgage to the Society. At the same time, we are reducing other products in the range to ensure we maintain our competitive position in the market.”
