The Mortgage Works cuts limited company and 80% LTV rates for landlords

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The Mortgage Works has reduced limited company and 80% loan-to-value buy-to-let rates by up to 0.10% and introduced cashback of £1,000.

TMW is now offering a 2-year fix at 4.69% to 80% LTV with £1,000 cashback. Another product is a remortgage-only let to buy 5-year fix at 3.99% to 75% LTV with £1,000 cashback.

Paul Wootton, managing director of TMW, said: “These changes are aimed at supporting landlords with varied needs and requirements, helping them to access a choice of products with competitive rates and to manage their cashflow.

“With ongoing improvements to our product proposition, this further illustrates TMW’s continued commitment to supporting intermediaries and landlords.”

A range of limited company options are also being introduced, including a product with a £995 fee and a 5-year fixed rate HMO product.

There is also new 65% LTV HMO products with a £995 fee and 5-year fixed further advance products for existing customers, with rates starting at 2.79% with a 1% fee.

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Written by: Houseladder