The Mortgage Works (TMW) has updated its buy-to-let range, with a number of changes being made to its previous collection.
Alterations – which come into effect today (March 16th) – include improvements made to selected fixed-rate products by up to 0.6 per cent, as well as the launch of two new plans.
The company is introducing a two-year tracker at 3.99 per cent up to 75 per cent loan-to-value (LTV) with a 3.5 per cent fee, in addition to a lifetime variable rate option at 4.99 per cent, up to 65 per cent LTV, which comes with a 1.75 per cent fee.
Both the newly-launched mortgages are ready for purchase and remortgage, while extra cashback options can also be chosen for selected arrangements.
Tracie Pearce, head of product management and pricing at TMW – which is a subsidiary of Nationwide Building Society and boasts more than two decades of experience in the home loan market – said: “We are very pleased to announce new buy-to-let products and rate improvements on existing fixed rate products, designed to give intermediaries and their clients even more options to choose from.”
