Buy-to-let remortgage rates reduced at TMW

Posted on Tuesday, December 15 by Joy Tibbs

The Mortgage Works (TMW), part of the Nationwide group, has cut mortgage rates by up to 0.85% on its two-year buy-to-let products up to 75% loan-to-value (LTV).

TMW has also reduced its fixed and tracker two-year products with a 2.5% fee by 0.5% to 2.49% and 2.24%, respectively.

Its flat-fee products have been reduced by up to 0.85%, with rates starting from 2.79%, with a new zero-fee product introduced at 3.69%.

The lender has also cut its two-year remortgage and let-to-buy up to 75% LTV by up to 0.95%, with headline rates starting from 2.89%.

This will enable landlords with smaller deposits to access more competitive fixed-rate and tracker deals.

Paul Wootton, TMW’s head of specialist mortgages, said: “The changes demonstrate TMW’s commitment to our customers and intermediaries by providing competitive mortgage options for landlords who are looking to maximise their cash flow and those wishing to minimise upfront costs.”

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