Further rate cuts announced at TMW

Further rate cuts announced at TMW

The Mortgage Works has announced that it has cut rates on selected two-year tracker products by up to 0.30% and five-year fixed rates by up to 0.15%.

The specialist buy-to-let arm of Nationwide announced that a new five-year fixed rate HMO product range is also being introduced, starting at 3.69%, while the existing two-year fixed rate product with £1,995 fee is being reduced by 0.15% to 2.99%.

Two-year buy-to-let tracker products up to 65% LTV with a £1,995 fee will be reduced by 0.30% and start at 1.39%, while the two-year tracker with a 2% fee will be reduced by 0.20% to 1.39%.

Rates for the five-year fixed rate mortgage product up to 65% LTV with no fee will be reduced by 0.10% to 2.89%, whilst the product up to 75% LTV with £1,995 fee will be reduced by 0.15% to 2.89% .


Paul Wootton, Managing Director of TMW, said: “TMW is looking to increase the competitiveness of its tracker mortgage rates as well as selected fixed rates, and will now be offering some of the lowest rates in the buy-to-let market. Our tracker products will continue to offer a switch to fix feature, meaning that landlords can switch to a fixed rate product at any time during the initial two-year deal period.

Extending the range for HMO landlords by introducing a five-year fixed option will also allow us to offer a wider choice of products and continue to support landlords in their choices.”

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Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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