TMW launches one-year deals at 2.99%
Share
Nationwide subsidiary The Mortgage Works has brought out a range of tracker products at up to 70% LTV, as well as fixed rate and tracker deals at 2.99%.
The 2.99% tracker product is for buy-to-let cases at up to 60% LTV but comes with a 3.75% fee.
The same rate is available as a fixed rate deal, also for buy-to-let cases, based on the same 60% LTV and with the 3.75% fee.
Changes across TMW’s buy-to-let range also include a one-year tracker deal at 4.74% and an 18-month tracker deal at 4.59%.
Both deals are available up to 70% LTV and come with a 2.5% fee.
The lender has also reduced rates on selected let-to-buy and light refurbishment fixed rate deals by 0.2%, and all tracker rates for let-to-buy and light refurbishment cases have been cut by 0.1%.
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
Readers' comments (2)
Daniel littleboy Citri | 15 Jan 2010 1:47 pm
Biggest question I have is how long are the ERCs and why a % style fee
Unsuitable or offensive? Report this comment
Hiram K Hackenbacker | 18 Jan 2010 8:01 am
% fee style is easier from a margin management perspective. Flat fees sometimes attract maximum loan sizes. % fees could be seen as fairer than a flat fee.
Unsuitable or offensive? Report this comment