The Mortgage Works (TMW) has reduced rates by up to 10 bps for selected BTL products from its new business range, with pricing now starting from 3.49%.
Following the change, the lender’s new business BTL fixed-rate options are now priced at 4.64% for two-year fixes, and 4.29% for five-year fixes — both products are available at up to 75% LTV, and come with a £1,495 fee.
Meanwhile, the firm’s new business BTL options include a two-year fixed-rate product for purchase, remortgage and further advance priced at 4.79%, with a 3% fee and available at up to 75% LTV.
Joe Avarne, senior manager for BTL mortgages at TMW, said: “We are committed to providing landlords and brokers a broad range of options to meet their varying needs.
“These latest reductions continue to make TMW one of the most competitive providers of BTL mortgages in the sector with rates starting from 3.49%.”
