New BTL deals from The Mortgage Works

The Mortgage Works (TMW) has added new products to its buy-to-let mortgage range.

The new products, which are available for purchase and remortgage, include:
Two-year fixed rate, 3.39% at 60% LTV, with 3.5% arrangement fee
Two-year fixed rate, 4.99%, at 75% LTV, with 1.5% arrangement fee
Two-year fixed rate, 4.99%, at 80% LTV, with 3.5% arrangement fee
TMW says it has also made improvements of up to 0.25 percentage points on selected two-year fixed rates at 75% LTV.

The lender has also withdrawn its B01242 product, the one-year fixed rate, 4.49%, at 75% LTV, with 2.5% arrangement fee.

Tracie Pearce, head of group mortgages at Nationwide, said: “These improved rates are great news for landlords looking for a new purchase or remortgage deal. Our new two-year fixed rates start from just 3.39%, helping to maximise landlords’ monthly income.

“We regularly review our mortgages to ensure their relevance and competitiveness in the market place and these changes are a further example of that.”