The changes to existing products:
Two-year fixed rate buy-to-let mortgage, reduced from 4.99% to 4.79%, 70% LTV and with a 2.50% fee.
Two-year fixed rate buy-to-let mortgage, reduced from 5.19% to 4.99%, 75% LTV and with a 2.50% fee.
Three-year fixed rate buy-to-let mortgage, reduced from 5.49% to 5.39%, 75% LTV and with a 2.50% fee.
Two-year fixed rate let-to-buy mortgage, reduced from 5.39% to 5.09%, 75% LTV and with a 2.50% fee.
Three-year fixed rate let-to-buy, reduced from 5.69% to 5.49%, 75% LTV and with a 2.50% fee
Two-year fixed rate first-time landlord mortgage, reduced from 5.39% to 5.09%, 75% LTV and with a 2.50% fee
Three-year fixed rate first-time landlord mortgage, reduced from 5.69% to 5.49%, 75% LTV with a 2.50% fee
The additions to the buy-to-let product range are:
A new let-to-buy two-year fixed rate mortgage at 4.89%, 70% LTV and 2.50% fee.
A new first-time landlord two-year fixed rate mortgage at 4.89%, 70% LTV and 2.50% fee.
Tracie Pearce, head of products for The Mortgage Works said: "These changes further demonstrate the competitiveness of TMW's product offering, and improve the chances of first-time landlords getting into the buy-to-let market. We know that throughout these challenging times, landlords want a greater choice of competitive products and these new enhancements will do just this, ensuring that TMW remains the market leading partner of choice for intermediaries and landlords."
