The Mortgage Works (TMW) is cutting rates on selected five-year fixed and portfolio buy-to-let mortgages from tomorrow.
The lender is also introducing a new range of large portfolio products at up to 75 per cent loan to value (LTV) with a £1,995 fee including purchase and remortgage options.
Rates for the two-year fixed rate deals with a £1,995 fee start at 2.84% and with no fee at 3.29%, while the equivalent five-year products start at 3.39% with a £1,995 fee and 3.74% with no fee.
TMW is cutting rates for standard buy-to-let mortgages by up to 0.35 per cent and by up to 0.25 per cent on zero fee large portfolio deals.
Rates for the five-year fixed rate products at up to 65 per cent LTV with a £995 fee now start at 2.39%, reduced from 2.59%.
The five-year fixed at up to 75 per cent LTV with a £1,995 fee also starts at 2.39%, with the £995 fee product starting at 2.49%, reduced from 2.84%.
TMW managing director Paul Wootton, (pictured) said: “These changes are designed to support landlords, including those with large portfolios, by offering competitive rates and a wider choice of products to help manage their cash flow.”
Owain Thomas is features and contributing editor of Mortgage Solutions and editor of Specialist Lending Solutions.
He also has experience in the protection, pensions, workplace benefits and HR areas.
Owain has won two Headline Money Awards and the Protection Review’s Journalist of the Year award.