The Mortgage Works launches buy-to-let lifetime variable product

The Mortgage Works is offering a lifetime variable product as part of a new range to its buy-to-let range.

There is also an early repayment charge free tracker and 80% LTV remortgage products with free standard valuation and free standard legal fees.  

Other key changes include the introduction of a one-year tracker with no ERCs, offering landlords more flexibility with the potential to repay early without facing any charges.

And one year fixed and trackers available at 60% and 70% LTV, with rates starting from 2.99%.

It is also launching a five-year fixed rate mortgage at a rate of 5.79%, with 3.5% arrangement fee.

Tracie Pearce, head of products at TMW, says: “These changes will give professional and first time landlords even greater value, choice and flexibility.   We are delighted to be able to provide intermediaries with an even wider range of options to suit the varying needs of their buy to let clients.”