View more on these topics

The Mortgage Works trims rates on fixes and trackers


The Mortgage Works will cut rates on selected five-year fixed and two-year tracker loans from tomorrow.

The lender will trim trackers by up to 0.30 per cent and five-year fixed mortgage rates by up to 0.15 per cent.

Two-year buy-to-let tracker mortgage products up to 65 per cent LTV with a £1,995 fee will be reduced by 0.30 per cent and start at 1.39 per cent.

Meanwhile the two-year tracker with a 2 per cent fee will be reduced by 0.20 per cent to 1.39 per cent.

Rates for the five-year fixed rate mortgage product up to 65 per cent LTV with no fee will be reduced by 0.10 per cent to 2.89 per cent.

The product up to 75 per cent LTV with £1,995 fee will be reduced by 0.15 per cent to 2.89 per cent.

TMW is also bringing in a new five-year fixed rate HMO product range, starting at 3.69 per cent.

Meanwhile the existing two-year fixed rate product with £1,995 fee is being reduced by 0.15 per cent to 2.99 per cent.

TMW managing director Paul Wootton says: “TMW is looking to increase the competitiveness of its tracker mortgage rates as well as selected fixed rates, and will now be offering some of the lowest rates in the buy-to-let market.”


Buy-to-Let Watch: The deposit cap just does not fit

If there’s a risk that can’t be mitigated with a higher deposit thanks to new rules, landlords will stop letting altogether Risk. It’s one of the most important factors in any business strategy and particularly in the finance sector. Indeed, the regulator and the Government want the industry to pay huge consideration to it. Following […]


Aldermore reveals portfolio buy-to-let approach

Aldermore has revealed how it will approach lending to portfolio landlords when new Prudential Regulation Authority underwriting rules are rolled out in September. Aldermore will split portfolio landlords into two categories to determine what further information needs to be provided to underwrite the individual case. Standardised templates will be available for each of the information […]


Skipton cuts buy-to-let rates by up to 0.28%

Skipton Building Society is tomorrow cutting buy-to-let rates by up to 0.28 per cent. The lender’s new buy-to-let range for purchases includes a two-year fixed rate at 1.67 per cent to 60 per cent LTV and a five-year fixed rate at 2.93 per cent to 70 per cent. Both have £995 fees. For remortgage customers, […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now