The Mortgage Works (TMW) is (from November 18) decreasing charges by as much as 0.20 proportion factors throughout its restricted firm vary for brand new and current clients and let to purchase vary for brand new clients.
The Restricted Firm fee reductions embody:
5-year mounted fee (buy and remortgage) at 4.99% with a 5% charge, out there as much as 70% LTV (decreased by 0.20%)
5-year mounted fee (buy and remortgage) at 5.54% with a 3% charge, out there as much as 75% LTV (decreased by 0.15%)
5-year mounted fee (switcher) at 5.09% with a 5% charge, out there as much as 70% LTV (decreased by 0.20%)
The Let to Purchase decreased charges embody:
Two-year mounted fee (remortgage) at 4.84% with a 3% charge, out there as much as 65% LTV (decreased by 0.20%)
Two-year mounted fee (remortgage) at 4.99% with a 3% charge, out there as much as 75% LTV (decreased by 0.20%)
5-year mounted fee (remortgage) at 4.69% with a 3% charge, out there as much as 65% LTV (decreased by 0.20%)
Commenting on the adjustments TMW head of specialist lending Daniel Clinton mentioned: “We’ve made a lot of fee reductions over the past couple of months to make sure that TMW stays one of the crucial aggressive mortgage suppliers for all sorts of landlords.
“These newest fee adjustments are targeted on guaranteeing we’re supporting the restricted firm market with charges ranging from 4.99% and let to purchase market with a variety of aggressive merchandise to assist these landlords handle their funds by means of mounted charges.”
