Rates were reduced by up to 0.50%
Specialist buy-to-let lender The Mortgage Works (TMW) has reduced rates on selected products across its new business range by up to 50 basis points from today, January 26.
Selected two-, five- and 10-year fixed rate buy-to-let products were reduced by up to 0.30%, while large portfolio buy-to-let across two- and five-year fixed rates were slashed by up to 0.50%.
For limited company and houses in multiple occupation, there were reductions of up to 0.20% across selected two- and five-year fixed rate products.
TMW’s buy-to-let and limited company remortgage products also come with free valuation and free legals.
The buy-to-let mortgage lender of Nationwide Building Society also announced an increase in selected tracker mortgage rates by 0.20%.
The complete list of products included in the latest rate change can be found on the TMW website.
“TMW offers landlords a broad range of options to meet their varying needs,” Daniel Clinton, director of landlord at The Mortgage Works, said. “These latest rate reductions, which are being rolled out across a significant number of products, will see our headline two-year fixed product fall below 4% and shows that we are doing what we can to support landlords to manage their finances through fixed rates.”
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