TMW slashes buy to let rates for new and existing customers

The Mortgage Works (TMW) has announced a series of rate reductions across its buy to let products, effective from last Saturday (28 October).

The lender is offering some of the most competitive deals in the sector, with rates starting from 4.49%.

The rate cuts apply to both new business and switcher products and cover a range of fixed term options.

‘Supporting brokers and landlords’

TMW’s head of specialist lending, Daniel Clinton, said: “We remain as committed as ever to supporting brokers and landlords in the current market, which is why we’re pleased to announce more rate cuts across our range.

“Our products are some of the most competitive in the sector and, with rates now starting from 4.49%, these new deals will provide better cashflow opportunities for landlords.”

He added: “Moreover, with affordability linked to pay rates, these reduced rates will serve to improve affordability and help widen market access for buy to let investors.”

TMW buy to let mortgage deals

Some of the TMW buy to let mortgage deal highlights include:

• Buy To Let – Two-year fixed rate (purchase and remortgage) at 4.49% with a 3% fee, available up to 65% LTV (reduced by 0.25%)
• Buy To Let – Five-year fixed rate (purchase and remortgage) at 4.99% with a £1,495 fee, available up to 55% LTV (reduced by 0.15%)
• Buy To Let – Three-year fixed switcher rate at 4.84% with a 3% fee, available up to 65% LTV (reduced by 0.40%)

A full list of the rate changes can be found on the TMW website.

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