First time landlords will now be able to choose from TMW’s standard buy-to-let range with mortgages available up to 75% loan to value.
TMW is also launching a raft of new products for first time landlords. These products include a 2.99% 1-year fixed-rate mortgage for up to 75% LTV, a 4.24% 3-year fixed rate for up to 65% LTV and a 5.39% 2-year fixed rate for up to 80% LTV.
Henry Jordan, managing director of The Mortgage Works, said: “I am delighted to announce that first time landlords now have access to a wider range of TMW products.
“With rates starting from as low as just 2.74% these customers can now take advantage of products that will help maximise their cash flow.
“These moves underline the fact that TMW is committed to offering wider choice and flexibility to both first time and experienced landlords.”
TMW also confirmed that it will be withdrawing its 3.99% 1-year buy-to-let tracker product.
