TMW cuts limited company rates by up to 35 basis points

Essex Home Finance
The Mortgage Works has made cuts of up to 35 basis points across its limited company range of mortgages.
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The Mortgage Works has made cuts of up to 35 basis points across its limited company range of mortgages.

All of the reductions take place at 75% LTV.

The headline cuts occur on the two-year fix with £995 fee, which has been had 35 basis points removed, taking it to 2.99% and the five-year fix with £995 fee, which has also received a 35 basis point cut, leaving its rate at 3.39%.

Meanwhile, the two-year fix with £1,995 fee has had a 25 basis point cut, taking the rate to 2.94%, and the five-year fix with £1,995 fee has been reduced by 30 basis points to 3.34%.

A free valuation is included with all of the above mortgages.

Additionally, the 65% LTV two-year fix for buy-to-let with £1,995 fee has had 20 basis points cut, giving a rate of 1.39%. This comes with a free valuation and free legals.

TMW head Daniel Clinton comments: “The limited company part of the market continues to grow as more and more landlords choose to build their portfolios through limited companies.

“These latest changes will improve our competitive position and showcase our continued commitment and support to limited company landlords.”

Original Article Mortgage Strategy 06/05/2021

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