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TMW launches new deals and cuts fixed rates

The Mortgage Works has launched a number of new buy-to-let products and reduced rates on existing deals by up to 0.60%.

The lender is introducing a two-year tracker at 3.99% up to 75% LTV with a 3.5% fee, as well as a lifetime variable rate deal at 4.99% up to 65% LTV with a 1.75% fee.

It has also introduced further cashback options on existing products and reduced rates on selected fixed rate deals by as much as 0.60%.

Tracie Pearce, head of product management and pricing at TMW, says: “The new two-year tracker in particular offers a very competitive rate and the re-launch of the lifetime variable product gives landlords additional flexibility when managing their buy-to-let investment.

“We regularly review our mortgages to ensure their relevance and competitiveness in the market place and these changes are a further example of that.”

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