It has enhanced its existing range of mortgages as well as introduced a new set of products as it continues its commitment to expanding and increasing competitive mortgage solutions for intermediaries.
Key introductions to the buy-to-let range include:
• New one and two-year tracker mortgages at 70% LTV, with rates starting at 3.39%.
• A two-year fixed rate option with 0% arrangement fee now available at up to 70% LTV.
• The expansion of the longer term product range with the introduction of a four-year fixed rate (up to 75% LTV) and a five-year fixed rate (up to 80% LTV).
• The introduction of a £1,000 cashback option for HMO applications.
Key enhancements to the buy-to-let range include:
• One-year fixed and tracker remortgages options at 70% LTV, now available at 3.99%, with free standard valuation and standard legal fees.
• Tracker rates improved by up to 0.15% across the range.
• A free standard valuation option available for house purchase customers when they select TMW’s two-year fixed rate mortgage at 60% LTV with a 0% arrangement fee.
• Significant rate improvements across all HMO and Limited Company products.
In addition, TMW is offering:
• All customers in Scotland the option of selecting from its range of remortgage products with free standard valuation and free standard legal fees.
• Buy-to-let customers access to a greater choice of trackers with a ‘Switch to Fix’ facility.
Commenting, Tracie Pearce, head of products for TMW, said: “The Mortgage Works is committed to considering the challenges that landlords face both now and in the future and is continually looking for ways to provide them with a greater choice of innovative and common sense alternatives.
“With new providers entering the market recently, our aim is to remain one of the leading players and provide one of the most competitive offerings in the market, which these new changes will help us to achieve.”
