TMW launches £1,000 cashback offer in rate refresh

The Mortgage Works, the specialist buy-to-let arm of Nationwide, is reducing rates for selected limited company and 80% LTV mortgages by up to 0.10%, as well as introducing a new cashback of £1,000.

Related topics:  Mortgages
Rozi Jones
19th October 2018
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"These changes are aimed at supporting landlords with varied needs and requirements, helping them to access a choice of products "

A fee-free two-year fixed rate at 80% LTV with £1,000 cashback and free standard valuation is now available at 4.69% for purchase or remortgage.

The lender's let-to-buy five-year fixed rate product at up to 75% LTV has been reduced to 3.99% and also comes with £1,000 cashback and free standard valuation for remortgage only.

In addition, a new range of limited company options are being introduced, including a five-year fixed rate HMO product.

There are also new 65% LTV HMO products with a £995 fee and new five-year fixed further advance products for existing customers, with rates starting at 2.79% with a 1% fee.

Paul Wootton, Managing Director of TMW, said: “These changes are aimed at supporting landlords with varied needs and requirements, helping them to access a choice of products with competitive rates and to manage their cashflow. With ongoing improvements to our product proposition, this further illustrates TMW’s continued commitment to supporting intermediaries and landlords.”

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