The Mortgage Works (TMW) is lowering its charges by as much as 0.50 share factors throughout nearly all of its purchase to let merchandise for brand new and current clients, with charges ranging from 4.49%.
The decreased charges embrace:
- Purchase To Let – Two-year mounted charge (buy and remortgage) at 4.49% with a 3% charge, out there as much as 65% LTV (decreased by 0.25%)
- Purchase To Let – 5-year mounted charge (buy and remortgage) at 4.99% with a £1,495 charge, out there as much as 55% LTV (decreased by 0.15%)
- Purchase To Let – Three-year mounted switcher charge at 4.84% with a 3% charge, out there as much as 65% LTV (decreased by 0.40%)
TMW head of specialist lending Daniel Clinton: “We stay as dedicated as ever to supporting brokers and landlords within the present market, which is why we’re happy to announce extra charge cuts throughout our vary.
“Our merchandise are a few of the best within the sector and, with charges now ranging from 4.49%, these new offers will present higher cashflow alternatives for landlords.
“Furthermore, with affordability linked to pay charges, these decreased charges will serve to enhance affordability and assist widen market entry for purchase to let traders”.