Mortgages

TMW widens first-time landlord range

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28th October 2014

From today, first-time landlords will be able to choose from products previously only available to Experienced Landlords.

The Mortgage Works has increased maximum first-time landlord LTVs from 75% to 80%, with rates starting at 4.14%.

The move follows TMW's recent incorporation of its first-time landlord range into its core Buy-to-let range.

Henry Jordan, managing director of TMW, said:

"This move offers another option for those looking to invest in buy-to-let for the first time, further demonstrating TMW's leadership and commitment to the buy-to-let market.

"With the majority of lenders capping LTV at 75%, this is a positive change that is likely to be welcomed by both intermediaries and buy-to-let customers."

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