HomeMortgageTMW cuts landlord charges by as much as 120bps, fixes begin at...

TMW cuts landlord charges by as much as 120bps, fixes begin at 3.69%    – Mortgage Technique



The Mortgage Works will lower landlord loans for brand spanking new and current prospects by as much as 120 foundation factors, with charges ranging from 3.69%, from tomorrow (17 January).  

Highlights of Nationwide’s buy-to-let arm’s reductions for brand spanking new prospects embrace:  

  • Two-year fixes — buy and remortgage — at 3.69% with a 3% payment, accessible as much as 65% mortgage to worth, down by 50bps  
  • New two-year fixes — buy and remortgage — at 3.99%, with a £3,995 payment, accessible as much as 75% LTV  
  • Two-year fixes — buy and remortgage — at 5.29%, with a 2% payment, accessible as much as 80% LTV down by 120bps  
  • 5-year fixes — buy and remortgage — at 3.94%, with a 3% payment, accessible as much as 55% LTV, down by 40bps  

The unit may also introduce a brand new payment possibility mortgage for landlords of £3,995 with charges for this product ranging from 3.89%.   

This new payment possibility will likely be launched for BTL and restricted firm constructions, accessible for each new and current prospects.  

The Mortgage Works senior supervisor, BTL mortgages, Joe Avarne, says: “With charges ranging from 3.69% these cuts will see The Mortgage Works providing among the lowest charges available in the market and is our lowest headline price providing since Could 2023.   

“These modifications exhibit our continued help to landlords and the sector.” 

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