The Mortgage Works is today introducing new products to its range as it continues to cater to the growing limited company buy-to-let market.
It will be adding free legal options for limited company buy-to-let on its two and five-year fixed rate remortgage products. In addition, its limited company Houses in Multiple Occupation (HMO) range will now include two and five-year fixed rate products that come with £1,495 and no fee options.
The new free legals products include:
• Limited company buy-to-let two-year fixed rate at 3.99% up to 75% LTV with a 3% fee (remortgage only) – comes with free valuation and free standard legals.
• Limited company buy-to-let two-year fixed rate at 5.64% up to 75% LTV with no fee (remortgage only) – comes with free valuation and free standard legals.
• Limited company buy-to-let five-year fixed rate at 4.57% up to 75% LTV with a 3% fee (remortgage only) – comes with free valuation and free standard legals.
• Limited company buy-to-let five-year fixed rate at 5.29% up to 75% LTV with a no fee (remortgage only) – comes with free valuation and free standard legals.
The new HMO products include:
• Limited company HMO two-year fixed rate at 5.34% up to 75% LTV with a £1,495 fee (purchase, remortgage and further advance).
• Limited company HMO five-year fixed rate at 5.39% up to 75% LTV with a £1,495 fee (purchase, remortgage and further advance).
Joe Avarne, senior manager at The Mortgage Works, says:“We have been supporting limited company landlords for nearly eight years, and our offering continues to evolve to meet landlord needs. These latest changes broaden our product range and give landlords further choice in what is an ever-growing limited company buy-to-let market and put The Mortgage Works front of mind for landlords looking to remortgage to a new lender.”
