15 March 2012
With effect from Friday 16 March The Mortgage Works (TMW) is to make a number of changes to its Buy to Let mortgage range including the launch of a new two-year tracker at 75% LTV, a new lifetime variable rate product, and improvements on selected fixed rate products by up to 0.60%.
New Products include:
- Two-year tracker at 3.99%, up to 75% LTV, 3.50% fee, available for purchase and remortgage
- Lifetime variable rate at 4.99%, up to 65% LTV, 1.75% fee, available for purchase and remortgage
In addition, further cashback options are now available on selected products for purchase and remortgage.
Tracie Pearce, Head of Product Management and Pricing at The Mortgage Works 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.
"The new two year tracker in particular offers a very competitive rate and the re-launch of the Lifetime Variable product with Early Repayment Charges until November 2012 gives landlords additional flexibility when managing their BTL investment.
"We regularly review our mortgages to ensure their relevance and competitiveness in the market place and these changes are a further example of that."
Notes to editors
- Applications are required for all products. Further details of terms and conditions are available on request.