TMW launches buy-to-let products

6 January 2009

The product will then revert to base plus 2.99%.

The other product, a variable tracker, allows buy-to-let borrowers to track base plus 1.99% for the first year. It would then revert to base plus 2.99% after the initial period.

Both products carry a fee of 3.5% with a minimum fee of £595. Early repayment charges only apply for the first year.

Andy McQueen, managing director of TMW, says: “These two products will cater for customers who are seeking to fix their payments over the next year, and those who are comfortable with their payments tracking the bank base rate.

“With early repayments charges only applicable for the first year, customers can benefit from competitive interest rates for a year and then reassess their mortgage needs.”

The two new products are not available to limited companies.