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Monday, June 21, 2010

The Mortgage Works latest

The Mortgage Works one of the UK's largest specialist buy-to-let mortgage lenders has re-vamped their range of buy-to-let mortgages.

One significant development is the reduction of the rate charged for the 80% LTV 2 year fixed rate buy-to-let mortgage reduced by 0.2% from 5.99% to 5.79%.


VARIABLE TRACKER RATE MORTGAGES of 2.99% & 3.19% to 31.7.11 & 4.59% to 31.7.12 & FIXED RATE MORTRGAGES of 2.99%, 3.39%, 5.89%, 5.99% & 6.09% to 31.7.11 & 4.69%, 4.99%, 5.94% & 6.29% to 31.1.12 withdrawn.
VARIABLE TRACKER RATE MORTGAGES of 4.19% & 4.69% to 31.7.11 &
FIXED RATE MORTGAGES of 4.19%, 4.69%5.19% & 5.69% to 31.7.11 withdrawn & replaced with rates increased by 0.30%.
FIXED RATE MORTGAGE of 5.99% to 31.7.12 withdrawn & replaced with rate reduced by 0.20%.
ALL MORTGAGES for limited companies RATES increased by 0.60%.
VARIABLE TRACKER RATE MORTGAGE of 4.99% for term ARRANGEMENT FEE increased by £500 to £1999.
VARIABLE TRACKER RATE MORTGAGE of 4.99% for term for let-to-buy & first time landlords only ARRANGEMENT FEE increased by £600 to £2499. ALL END DATES extended by 2 months.


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