TMW launches lower BTL rates to support landlords

Limited company BTL products will see reductions of up to 0.25%, while BTL and let-to-buy products will see rate cuts of up to 0.15%.

Limited company BTL reduced rates include:

• two-year fixed rate (purchase, remortgage and further advance) at 3.99% with a 3% fee, available up to 75% LTV (reduced by 0.15%) with a free valuation
• two-year fixed rate (purchase, remortgage and further advance) at 5.09% with a £1,495 fee, available up to 75% LTV (reduced by 0.25%) with a free valuation
• two-year fixed rate (purchase, remortgage and further advance) at 5.59% with no fee, available up to 75% LTV (reduced by 0.20%) with a free valuation

BTL reduced rates include:

• two-year fixed rate (remortgage only) at 4.04% with a £1,495 fee, available up to 65% LTV (reduced by 0.05%) with a free valuation and free legals
• two-year fixed rate (remortgage only) at 4.09% with a £1,495 fee, available up to 75% LTV (reduced by 0.15%) with a free valuation and free legals
• five-year fixed rate (remortgage only) at 4.44% with no fee, available up to 75% LTV (reduced by 0.05%) with a free valuation and free legals

Joe Avarne, senior manager at The Mortgage Works, said: "We are pleased to announce further rate cuts across our mortgage range, which should come as great news for landlords.

“They really demonstrate that The Mortgage Works remains committed to supporting all types of landlords with competitive rates."