The Mortgage Works withdraws from Buy to let niche marketsMake Text Bigger
From today The Mortgage Works has announced three new Buy to let products, but have also tempered this news with confirmed criteria withdrawals affecting Portfolio and Corporate Landlords.
All TMW Limited Company products will be withdrawn with effect from the 31st of July 2011.
All TMW Further Advance products for existing Multi Property portfolios (where rental income and Loan to Value is averaged across the portfolio) will be withdrawn with effect from the 31st of July 2011.
The Mortgage Works is a leading provider of non-corporate and individual property Buy to let mortgages however, new niche corporate landlord finance providers have recently entered the market along with The Paragon Group’s return who specialise in portfolio landlords and Houses in Multiple Occupancy (HMOs).
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