The Mortgage Works makes additional improvement to its buy-to-let mortgage rates

The Mortgage Works TMW had made significant changes to its buy-to-let product range in a bid to offer its customers the best mortgage rates on the market.

TMW has launched a new first-time landlord two-year fixed-rate mortgage at 4.89 per cent up to 70 per cent loan to value LTV with a 2.5 per cent fee, which the company believes will encourage more first-time landlords to get into the housing market.

A new let-to-buy mortgage has also been introduced offering competitive mortgage rates of 4.89 per cent for a two-year fixed-term at 70 per cent LTV.

Tracie Pearce, head of products for TMW, said: "We know that throughout these challenging times, landlords want a greater choice of competitive products and these new enhancements will do just this."

As well as the two new additions to the product range TMW is also reducing the mortgage rates on a number of existing products, with buy-to-let mortgage rates being reduced by up to 0.20 per cent.

Some let-to-buy and first-time landlord products have been reduced by 0.30 per cent as TMW is trying to cement its place as the market leading partner of choice for intermediaries and landlords.

TMW recently announced the introduction of new one and two-year tracker mortgages with rates starting at 3.39 per cent for those paying a 30 per cent deposit.
 

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2010-10-14 12:46:05 © Moneyextra.com