TMW cuts rates on Buy to Let Switcher range

Landlords who want to switch their buy to let mortgages can benefit from lower rates offered by The Mortgage Works (TMW), starting today (Friday 13 October 2023).

TMW, a specialist lender for property investors, has announced rate reductions of up to 0.25 percentage points across its Buy to Let Switcher range.

The new rates apply to both fixed and variable products, with different fees and loan-to-value (LTV) ratios.

Dan Clinton, TMW’s head of specialist lending, said: “These rate reductions continue to showcase our commitment to landlords and will improve our competitive position. We know these reductions will be welcomed by buy-to-let investors as we work to support landlords looking to manage their cashflow through fixed rates.”

BTL Switcher rate reductions

Some of the highlights of the BTL Switcher rate reductions are:

• A two-year fixed product at 4.94% with a 3% fee, available up to 65% LTV, down by 0.10 percentage points
• A two-year fixed product at 5.84% with a £1,495 fee, available up to 65% LTV, down by 0.25 percentage points
• A five-year fixed product at 4.99% with a 3% fee, available up to 55% LTV, down by 0.20 percentage points.
• A five-year fixed product at 5.34% with a £1,495 fee, available up to 55% LTV, down by 0.10 percentage points.

For more details on all the BTL mortgage Switcher rate reductions, landlords and investors can visit TMW’s website.

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