TMW cuts B2L range by up to 0.5%

The Mortgage Works has reduced rates by up to 50 basis points and says it is now offering its lowest-ever rates.

The Nationwide buy-to-let subsidiary now has fixes starting from 2.19 per cent and trackers starting at 1.94 per cent.

Further, a new fee-free 65 per cent LTV two-year fix has been introduced at 2.99 per cent.

The lender has also introduced a new £1,995 fee option for three- and five-year fixed rates at 65 and 75 per cent LTV. Rates start at 2.69 per cent for the three-year fixes and 3.29 per cent for the five-year fixes.

TMW head of specialist mortgages Paul Wootton says: “This new range of competitive buy-to-let fixed rate and tracker mortgages provide landlords with TMW’s best-ever rates and continue to demonstrate our commitment to our customers and intermediaries.

“With a likely Bank base rate rise on the horizon, TMW’s competitive range of fixed rate products offer longer term payment security for landlords, particularly for those with larger deposits looking to maximise their cashflow.”