21 June 2013
The Mortgage Works (TMW) is introducing its lowest ever fixed rate at 2.49 per cent, with effect from Friday, June 21. The two year product is available to first time and experienced landlords.
In addition, TMW is making improvements of up to 0.7 per cent with rates starting from 2.49 per cent at 60 per cent loan to value, 2.89 per cent at 75 per cent LTV and 4.14 per cent at 80 per cent LTV.
TMW is also expanding its remortgage range with new products benefiting from free legals and valuations, and rates starting from 3.59 per cent. All 3.5 per cent arrangement fees on the standard buy-to-let range will be reduced to 2.5 per cent per cent.
The new buy-to-let product range includes:
- 2.49% two-year fixed at 60% LTV, with a 2.5% fee
- 3.59% two-year fixed at 60% LTV, with a £995 fee and free standard legals and valuation (available for remortgage)
- 3.89% two-year fixed at 75%, with a £995 fee
Henry Jordan, managing director of The Mortgage Works, said: “TMW is now offering its lowest ever buy-to-let fixed rate, which is great news for both experienced and first-time landlords looking to maximise cash flow and for remortgage customers looking to better their standard variable rate.
“These changes further demonstrate our steadfast commitment to the buy-to-let sector, with landlords being able to secure market leading headline rates across all of our loan-to-value tiers up to 80 per cent.”
Notes to editors:
Applications required for all products. Details of terms and conditions available on request.
About The Mortgage Works
The Mortgage Works (TMW) is a subsidiary of Nationwide Building Society. With over 20 years experience in the mortgage market, TMW has developed a range of innovative products and is renowned for its trademark common sense approach to mortgages.
TMW's range of specialist products is available through professional mortgage intermediaries. As well as offering specialist mortgages, in 2010 TMW launched a range of Guarantor products, exclusive to intermediaries and designed to complement the range of products available through Nationwide. With a dedicated business development and sales support team, TMW is proud to offer a first class service to its customers.