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TMW lowers portfolio landlord product rates

The Mortgage Works has reduced rates on a selection of products aimed specifically at professional landlords.

The buy-to-let lender has cut the rate on its 75 per cent LTV two-year fix for limited companies by 0.15 per cent to 2.84 per cent. This product comes with a £1,995 fee. With no fee, rates start at 3.29 per cent.

TMW has also cut rates on its limited company and HMO mortgages. The 75 per cent LTV two-year fix has been reduced by 0.30 per cent, giving a rate of 3.49 per cent and, as above, this product commands a £1,995 fee. Additionally, the 75 per cent five-year fix has been cut by 0.25 per cent, now coming in at 3.74 per cent.

All of the above are suitable for both purchase and remortgage and come with a free valuation.

As well as this, the lender has brought in a new range of two-year fixes with rates starting at 1.64 per cent at the 65 per cent LTV band. These products charge a £1,995 fee and come with £250 cashback.

TMW managing director Paul Wootton says: “This range of changes is designed to support landlords, including those looking for limited company and HMO options as well as those with large portfolios.

“By offering competitive rates and a wider choice of products to help manage their cashflow, we are demonstrating TMW’s continued commitment to supporting intermediaries and landlords.”

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