The Mortgage Works has reviewed its buy-to-let and self-cert product ranges.
While fixed rates have been increased, tracker rates have been reduced and new products added to the range, to widen the choice available for borrowers.
The specialist lender is introducing six new products to its buy-to-let range at a maximum LTV of 75% – these products benefit from non-status rental income and rates from 5.29%.
The self-cert range has also been boosted by the addition of three new products, starting from 4.99%.
The rate changes and new products will be available from Friday June 29 2007.
Andy McQueen, director of marketing at The Mortgage Works, says: “The money markets have risen sharply in the last few weeks and TMW’s re-pricing of fixed rates reflects these increases.
“Despite these rises, our new range of 75% LTV buy to let products is designed to give those borrowers with a larger deposit, a greater choice.”