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TODAY'S OTHER NEWS

TMW reduces rates for limited company and HMO BTL products

The Mortgage Works (TMW) has cut limited company and HMO buy-to-let mortgage rates.

TMW is offering a two-year fixed limited company mortgage at 75% loan-to-value (LTV) at 2.84% with a £1,995 fee, or a fee-free deal at 3.29%.

As far as limited company HMO mortgages are concerned, a two-year fix is available at 3.49% to 75% LTV with a £1,995 fee, while a five-year fix is priced at 3.74%.

In addition, TMW has launched a range of two-year fixed rate BTL mortgage deals with a £1,995 fee, with rates starting at 1.64% to 65% LTV, available with £250 cashback.

There are also fresh options in the large portfolio range.

Paul Wootton, managing director of TMW, commented: “This range of changes is designed to support landlords, including those looking for limited company and HMO options as well as those with large portfolios.

“By offering competitive rates and a wider choice of products to help manage their cashflow, we are demonstrating TMW’s continued commitment to supporting intermediaries and landlords.”

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