The Mortgage Works Offers New Buy-to-Let Mortgage Products

The Mortgage Works (TMW) is now offering some new buy-to-let and light refurbishment mortgage programmes. It has also lowered the rates on several existing buy- to-let products.

For instance, TMW has launched a new product with a 4.99 per cent lifetime variable managed rate. The arrangement fee for this product is £1,899.

The company offers a 3.99 per cent, one-year fixed and tracker programmes. This comes with free legal fees and free valuation. The arrangement fee is 3.5% and the booking fee is £150. This is available up to 70% loan-to-value.

The light refurbishment product rang has also been expanded. A new product with a 4.99 per cent lifetime variable managed rate with a £1,899 arrangement fee is available.

Another new product is a 4.59 per cent one-year fixed and tracker deal with £750 cash-back. It comes with a 3.5 per cent arrangement fee.

The Mortgage Works has also lowered the rates on some buy-to-let fixed rate deals, including the three-year buy-to-let product with a fixed rate which has been by 0.35 per cent.