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TODAY'S OTHER NEWS

TMW launches new 50% LTV BTL products

A new range of 50% loan-to-value (LTV) two-year fixed rate buy-to-let mortgage deals are being launched by The Mortgage Works (TMW).

Rates for the new 50% LTV two-year fixed rate products start at 1.49% with a £1995 fee, and 1.59% with a 1% fee.

Some products are also offered with free standard valuation and free legals, or free valuation and £250 cashback, with rates starting at 1.54% and 1.64% respectively.

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The specialist buy-to-let arm of Nationwide Building Society is also reducing rates on existing deals by 0.1%, with products offering free standard valuation and free legals starting at 2.14%, and those with free valuations and £250 cashback at 2.24%.

TMW’s managing director, Paul Wootton, commented: “TMW is offering landlords a range of new 50% LTV buy-to-let deals with competitive rates in the market, with the aim of helping landlords to manage ongoing costs and offer a wider choice of options.”

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