By using this website, you agree to our use of cookies to enhance your experience.


TMW withdraws 10-year fixed rate buy-to-let products

The Mortgage Works (TMW) has withdrawn its 10-year fixed rate buy-to-let products.

The specialist buy-to-let arm of Nationwide Building Society has also increased rates across its limited company product range, with two-year fixed rate limited company products starting at 75% loan-to-value (LTV) rising from 3.09% to 3.39% with a £1,995 fee and from 3.39% to 3.59% with a £995 fee.

In addition, TMW has increased its five-year fixed rates at 75% LTV from 3.59% to 3.89% with a £1,995 fee and from 3.69% to 3.99% with a £995 fee.


The changes come following the withdrawal earlier this month of its five-year fixed rate remortgage products at 50% LTV as well as fee-free two and five-year fixed rate limited company products at 75% LTV.


Last month, TMW launched a one-year fixed rate buy-to-let mortgage for existing customers. 

The unusually short deal comes with a 2% product fee and a rate of 1% to 65% loan-to-value.   

With the private rented sector currently looking to bounce back following the recent coronavirus lockdown, TMW launched the new one-year fixed rate deal for landlords who are looking to switch to a new product at the end of their current TMW deal.

TMW continues to offer a full range of fixed and tracker mortgage to suit the different needs of landlords.

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.


Please login to comment

MovePal MovePal MovePal
sign up