TMW announces BTL rate cuts

The Mortgage Works has announced a series of rate cuts across its two- and five-year fixed rate buy-to-let products.

The rate cuts include the 65 per cent LTV two-year fix reduced from 1.64 per cent to 1.59 per cent. This deal has a £1,995 fee, free valuations, and £250 cashback.

In addition, the 65 per cent LTV two-year fix has been sliced from 1.99 per cent to 1.69 per cent. This product has a £995 fee, free valuations, and £250 cashback.

The 50 per cent LTV five-year fix has also been reduced, from 1.94 per cent to 1.89 per cent, and the 65 per cent LTV five-year fix from 2.09 per cent to 1.99 per cent. Both products have a £1,995 fee.

All of the products listed above are for both purchase and remortgage.

The Mortgage Works managing director Paul Wootton says: “These selected reductions across our fixed rate BTL mortgage range enhances choices for landlords, particularly those landlords looking for payment security and looking to manage their cashflow.”

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