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  • Mortgages & Finance

    TMW cuts rates across the board.

    The Mortgage Works (TMW) has launched a new portfolio range while also reducing a number of five-year fixed rate products too.

    The buy-to-let arm of Nationwide Building Society has cut some five-year fixed rates, which now start from 2.39% at 65% LTV and 2.34% up to 75% LTV with a £1,995 fee.

    TMW has also reduced rates on its existing large portfolio buy-to-let products.

    The latest range of fee-free rates at 75% LTV include a two-year fixed rate which has been reduced from 3.49% to 3.29% and a five-year fixed rate down from 3.99% to 3.74%.

    New large portfolio buy-to-let rates include a two-year fixed rate at 2.84% and a five-year fix at 3.39%.
    Both deals are available up to 75% LTV with a £1,995 fee.

    Last month, TMW reduced rates on selected two-year fixed and tracker mortgages by up to 0.25%.

    The lender also cut rates on some LTD company mortgage deals, available on purchase or remortgage basis, by up to 0.35%.

    Rates on a two-year fix now start at 2.99% at up to 75% LTV with a £1,995 fee, and 3.49% for a five-year fix at up to 75% LTV, also with a £1,995 fee.

    In addition to the rate cuts, TMW announced the introduction of a new fee-free range of fixed and tracker deals at up 65% and 75% LTV.

    Rates for the new two-year product start at 2.44%, while the five-year deal starts at 3.09%. For tracker deals, rates start at 2.29%


    What does this mean to you? 

    Can it help your circumstance?

    Maybe it can help you decide whether the deal you currently have is the right one to help you achieve your objectives...

    Maybe its time to review your portfolio and see what can be done to increase your profit.

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    Financial Consultant working with Property Tribes Financial Services.

    BTL Specialists.

    Always cover your debts, don't leave them for your loved ones to pick up. Ask me how - austyn@ptfs.co.uk     07500 871209