The Mortgage Works adds cashback to buy-to-let remortgage range

The Mortgage Works (TMW) has introduced a new cashback range for landlords looking to remortgage, while a new free valuation range will also be introduced for both purchase or remortgage.

Related topics:  Mortgages,  buy-to-let
Rozi Jones
25th November 2021
Natiownide
"In the current economic environment, we have seen strong demand from landlords looking to remortgage to The Mortgage Works."

Landlords looking to remortgage to TMW will be able to choose from a range of mortgages that all come with a £400 cashback and free standard buy-to-let valuation.

Two-year fixed rates start from 1.24% at 65% LTV with a 2% product fee and 1.79% at 75% LTV with a £995 fee.

Five-year fixes start at 1.74% up to 65% LTV and 1.99% up to 75% LTV, both with a £995 fee.

At the same time, The Mortgage Works will also be introducing a new mortgage range for landlords looking to purchase a property, which also comes with free standard valuations. Rates on this range start from 1.54% for a two-year fix and 1.94% for a five-year fixed product.

Daniel Clinton, head of lending at The Mortgage Works, said: “In the current economic environment, we have seen strong demand from landlords looking to remortgage to The Mortgage Works. As a result, we’re enhancing our remortgage offering to include a competitive £400 cashback option, which landlords can use to cover the legal expenses when sourcing their own conveyancer.”

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