TMW goes to 80% LTV

The Mortgage Works the buy-to-let lender with the largest range of buy-to-let mortgages has just revised and extended it's range with the addition of 12 new products.

This includes the addition of a new 80% 3 year fixed rate mortgage. The rate is fixed for 3 years until 30.11.13. The product comes with a flat rate fee of £2699 but is one of the few 80% buy-to-let mortgage available.

In addition to this the revised range includes a 3.99% variable tracker mortgage which currently stands at only 3.99% to 30.11.11. This buy-to-let mortgage has a maximum LTV of 70%.


Full details of TMW full range of buy-to-let mortgages below:

END-DATES on all MORTGAGES extended to by 2 months.

NEW VARIABLE TRACKER RATE MORTGAGE for 'light refurbishment' only: 3.99% to 30.11.11, max 70%, fee 3.50%.
NEW VARIABLE TRACKER RATE: 4.99% for term, max 70%, fee £2999.
NEW FIXED RATE MORTGAGES for 'light refurbishment' only: 3.99% to 30.11.11, max 70%, fee 3.5%; 4.99% to 31.5.12, max 70%, fee 3.5%; 5.19% to 30.11.12, max 70%, fee 3.5%; 5.69% to 30.11.12, max 70%, fee 2.5%. VARIABLE TRACKER RATE MORTGAGE of 4.14% to 30.9.12 withdrawn & replaced.
NEW VARIABLE TRACKER RATE MORTGAGE: 4.24% to 30.11.12, max 70%, fee 3.5%.
NEW VARIABLE TRACKER RATE MORTGAGES with no penalty payable: 3.74% to 30.11.11, max 70%, fee 3.5%; 3.84% to 30.11.11, max 75%, fee 3.5%. FIXED RATE MORTGAGES of 4.99%, 5.19%, 5.49%, 5.64% to 30.9.12 & for remortgage only of 5.64% to 30.9.12 & 5.99% to 30.9.13 withdrawn & replaced.
NEW FIXED RATE MORTGAGES: 2.99% to 30.11.11, max 60%, fee 3.5%; 3.49% to 30.11.11, max 70%, fee 3.5%; 4.69% to 30.11.12, max 70%, fee 3.5%; 5.19% to 30.11.12, max 70%, fee 2.5%; 5.39% to 30.11.12, max 75%, fee 2.5%; 4.99% to 30.11.13, max 60%, fee 3.5%; 5.89% to 30.11.13, max 80%, fee £2699; 5.79% to 30.11.15, max 70%, fee 3.5%.
NEW FIXED RATE MORTGAGES for remortgage only: 4.59% to 30.11.11, max 70%, fee 3.5% + £150; 5.14% to 30.11.12, max 70%, fee 3.35% + £150; 5.49% to 30.11.13, max 70%, fee 3.35% + £150; 5.89% to 30.11.12, max 80%, fee 3% + £150, with incentives in England & Wales of free legal fees (max valuation £500K) & free valuation (max £615).
NEW FIXED RATE MORTGAGES for second time buyers only, with 70% loan-to value for first time landlords: 4.14% to 30.11.11, max 70%, fee 3.5% + £ 150, with incentives of free valuation (Eng & Wales) & £250 rebate; 3.69% to 30.11.11, max 70%, fee 3.5%; ; 4.89% to 30.11.12, max 70%, fee 3.5%.


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