Selected two- and three-year fixed switcher rates cut by up to 0.35%
Specialist buy-to-let lender The Mortgage Works (TMW) has announced rate reductions on selected two- and three-year fixed rate switcher mortgage products by up to 0.35%, effective from Saturday, January 28.
The new buy-to-let rates include a two-year fix at 65% loan-to-value (LTV) with a £1,495 fee and a rate reduced by 0.10% to 5.04%; and a three-year fix at 65% LTV with a 3% fee and a rate reduced by 0.25% to 4.24%.
TMW said other rate or fee combinations are also available on its switcher products.
The buy-to-let mortgage lender of Nationwide Building Society has recently reduced rates on selected products across its new business range by up to 50 basis points.
“We are continually looking to support our existing landlords with competitive rates as they look to manage their cashflow in the challenging environment,” Daniel Clinton, director of landlord at The Mortgage Works, said. “That is why we are making further reductions to the rates on our buy-to-let switcher products, which will ensure our range remains front of mind when landlords are coming to the end of their existing deal.”
The full details on all switcher rate reductions can be found on the TMW website.
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