The Mortgage Works (TMW) has launched two new buy-to-let (BTL) products for limited companies.
At the same time, the firm has announced it is reducing selected limited company rates by up to 0.15%.
TMW’s two new limited company products include a two-year fixed rate offering at 75% LTV at 3.49% with a 2% fee, available for purchase, remortgage and further advances and comes with free standard valuations. The other product is also a two-year fixed rate at 75% LTV, but at 3.74% with a 2% fee, which is available for remortgage and comes with free standard valuations.
The firm’s newly announced rate reductions now see TMW’s limited company offering include a two-year fixed rate at 3.99% with a £1,995 fee, a two-year fix at 4.09% with a £995 fee, a five-year fix at 3.84% with a £1,995 fee, and a five-year fix at at 3.89% with a £995 fee. All of these products are offered at 75% LTV, TMW confirmed.
“Many landlords are choosing to manage their portfolio through a limited company,” said the head of TMW, Daniel Clinton. By expanding our range of mortgages on offer to these landlords and making reductions to our rates, we are demonstrating our support for this important and growing segment of the market.”
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