Buy to let lender improves its mortgage range

Landlord Expert
By Landlord Expert September 20, 2010 09:03

Landlords seeking attractive home credit and mortgage products in the near future might be interested in some new offers from one financier.

The Mortgage Works (TMW) has announced its intention to enhance its buy-to-let and residential prime deals in order to allow people looking at such packages - like tracker mortgages - to gain a more competitive rate in the aftermath of the recession.

Alterations to the lender's range include the introduction of a new 75 per cent loan-to-value First Time Landlord deal, as well as rate improvements of up to 0.6 per cent on selected items in its fixed rate products.

Zero arrangement fee options have also been added to many of the financier's two, three and five-year mortgages and £1,000 cashback is now offered on its Let to Buy and First Time Landlord packages.

Meanwhile, Robert Sinclair of the Association of Mortgage Intermediaries said recently that there is still a lack of funds available in the UK's home credit market after the downturn.

Landlord Expert
By Landlord Expert September 20, 2010 09:03

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