TMW cuts rates and add products

The Mortgage Works has reduced rates on its two-year fixes, tracker mortgages, and limited company buy-to-let products, as well as added new offerings.

Specifically, the lender has cut rates on the 65 per cent LTV two-year fix, from 2.24 per cent to 1.99 per cent.

The offer is for either purchase or remortgage, and includes a £995 product fee, £250 cashback and free valuations. Alternatively, and for remortgage only, the product comes with free valuation and free legals.

In addition, TMW has reduced the 75 per cent LTV two-year fix from 3.19 per cent to 2.99 per cent, and the 75 per cent LTV five-year fix, from 3.59 per cent to 3.49 per cent.

Both offers are for purchase and remortgage, include free valuation and a £1,995 product fee.

TMW has also sliced its 75 per cent LTV two-year fixed rate offer, from 3.49 per cent to 3.14 per cent.

In addition, the lender has also cut its rates on its tracker mortgages, with rates now starting at 1.39 per cent, having been reduced by 15 basis points.

Additionally, the firm has introduced a two-year fix starting at 2.44 per cent, a five-year fixed rate product starting at 3.09 per cent, and a two-year tracker mortgage starting at 2.29 per cent. The new offers are up to 75 per cent LTV.

TMW managing director Paul Wootton comments: “These changes are designed to support a wide range of landlords, with rate reductions and a range of zero fee options, to help them access a wider choice of products to manage their cashflow.”

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