The Mortgage Works has launched three new product ranges.
There are Limited Company buy-to-let products for clients who prefer to invest through a limited company, buy-to-let Houses in Multiple Occupation products for landlords investing in HMOs, and a new buy-to-let Switch to Fix range.
It has also reduced selected rates across its existing range, with some rates reducing by up to 0.30%.
There is also a range of buy-to-let tracker mortgages which allow customers to switch onto a fixed rate at any time without incurring Early Repayment Charges.
Fixed rates for the buy-to-let limited company products start from 4.39% and tracker rates starting from 4.34% (BBR + 3.84%), available up to 70% LTV. Customers can benefit from The Mortgage Works Buy to Let core range rental cover calculation (125%).
For HMOs, fixed rates start from 4.39% and tracker rates starting from 4.34% (BBR + 3.84%), available up to 70% LTV. Rental income will be considered on a multi-tenanted basis (rental cover of 150% required) and single and multi tenancy agreements will be accepted.
Switch to Fix Buy to Let tracker products start from 3.24% (BBR +2.74%) and products are available up to 70% LTV.
Tracie Pearce, head of products, The Mortgage Works said: “The Mortgage Works is committed to considering the challenges that landlords face now and in the future and continually looks for ways to offer them greater choice and common sense alternatives. The HMO