Tuesday, November 05, 2024
Singapore FinTech Festival | FFNews

The Mortgage Works Cuts Rates Even Further Across Its New Business Range

On Wednesday 21 August, The Mortgage Works (TMW) is reducing selected buy-to-let rates for new customers by up to 0.10 percentage points, with rates starting from 3.49%.

New business buy-to-let rates include:

  • Two-year fixed rate (purchase and remortgage) at 4.64% with a £1,495 fee, available up to 75% LTV (reduced by 0.10%)
  • Five-year fixed rate (purchase and remortgage) at 4.29% with a £1,495 fee, available up to 75% LTV (reduced by 0.05%)

New business Limited Company buy-to-let rates include:

  • Two-year fixed rate (purchase, remortgage and further advance) at 4.79% with a 3% fee, available up to 75% LTV (reduced by 0.05%)

Full details on all rate changes can be found here.

Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “The Mortgage Works is committed to providing landlords and brokers a broad range of options to meet their varying needs. These latest reductions continue to make The Mortgage Works one of the most competitive providers of buy-to-let mortgages in the sector with rates starting from 3.49%.”

People In This Post

Companies In This Post

  1. Sunbit Secures a $355 Million Debt Warehouse Facility Led by J.P. Morgan, Mizuho Bank Ltd. and Waterfall Asset Management Read more
  2. Standard Chartered and Wise Platform Partner to Transform International Payments Experience Read more
  3. MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping Read more
  4. Former World Bank Executive Marko Voljc Joins Fingular’s Advisory Board to Achieve Historic Breakthrough in Financial Inclusion Read more
  5. FINOM Appoints Fintech Heavyweights to Supervisory Board, Signals Next Phase of Growth Read more
Fintech talents | FFnews