The new buy to let rates include:
- One-year fixed at 3.99% with a 2% fee, available up to 75% LTV
- Two-year fixed at 4.39% with a 3% fee, available up to 65% LTV
- Five-year fixed at 4.89% with a 3% fee, available up to 65% LTV
- Two-year tracker at 3.24% (Bank Base Rate plus 0.24%) with a 3% fee, available up to 65% LTV
The new limited company buy to let rates include:
- One-year fixed at 4.74% with a 2% fee, available up to 75% LTV
- Two-year fixed at 4.99% with a 3% fee, available up to 75% LTV
- Five-year fixed at 5.49% with a 3% fee, available up to 75% LTV
- Two-year tracker at 3.49% (Bank Base Rate plus 0.49%) with a 3% fee, available up to 75% LTV
The above are available for purchase and remortgage with other rate/fee and benefit combinations also available.
All TMW Tracker products come with the Switch to Fix facility which allows customers to switch to an existing customer fixed rate at any time without incurring Early Repayment Charges.
As a result of these changes the buy to let stress rates will now be between 5.99% and 8.79% depending on the product selected.
Full details on all TMW mortgages can be found here.
Daniel Clinton, Head of The Mortgage Works, said: “As one of the largest buy to let lenders in the UK, we are continually looking at ways we can support landlords by offering them a wide range of options. These latest reductions to our fixed rates will help those who want to maximise cashflow while maintaining certainty over their repayments.”
