The Mortgage Works (TMW) has slashed buy-to-let charges for brand spanking new and present prospects by as much as 0.30%, with charges ranging from 2.64% – forward of the Financial institution of England making its newest base fee resolution immediately.
New enterprise charges now begin at 2.64% for a 2-year repair with a 3% payment to 65% loan-to-value, after a 0.10% fee minimize.
There’s additionally a 5-year repair (remortgage-only) at 4.27% with a £1,495 payment to 75% LTV after a discount of 0.15%.
In the meantime there’s a HMO 2-year fastened fee at 4.09% with a 3% payment to 75% LTV, a discount of 0.30%.
Joe Avarne, senior supervisor at The Mortgage Works, stated: “We’re happy to announce additional fee cuts to display our ongoing dedication to brokers and landlords.
“These newest reductions make us one of the aggressive suppliers of buy-to-let mortgages within the sector.”
Switcher fee reductions embrace a 2-year repair at 3.89% with a £1,495 payment to 65% LTV. There’s additionally an equal to 75% LTV at 4.09%. Each have been lowered by 0.10%.
The lender’s HMO 2-year repair at 5.09% comes with a £1,495 payment to 75% LTV, following a fee minimize of 0.25%.
