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The Mortgage Works (TMW) is (from November 18) lowering charges by as much as 0.20 proportion factors throughout its restricted firm vary for brand spanking new and present clients and let to purchase vary for brand spanking new clients.
The Restricted Firm price reductions embrace:
5-year fastened price (buy and remortgage) at 4.99% with a 5% price, accessible as much as 70% LTV (decreased by 0.20%)
5-year fastened price (buy and remortgage) at 5.54% with a 3% price, accessible as much as 75% LTV (decreased by 0.15%)
5-year fastened price (switcher) at 5.09% with a 5% price, accessible as much as 70% LTV (decreased by 0.20%)
The Let to Purchase decreased charges embrace:
Two-year fastened price (remortgage) at 4.84% with a 3% price, accessible as much as 65% LTV (decreased by 0.20%)
Two-year fastened price (remortgage) at 4.99% with a 3% price, accessible as much as 75% LTV (decreased by 0.20%)
5-year fastened price (remortgage) at 4.69% with a 3% price, accessible as much as 65% LTV (decreased by 0.20%)
Commenting on the adjustments TMW head of specialist lending Daniel Clinton mentioned: “We’ve made quite a few price reductions over the past couple of months to make sure that TMW stays some of the aggressive mortgage suppliers for all sorts of landlords.
“These newest price adjustments are centered on guaranteeing we’re supporting the restricted firm market with charges ranging from 4.99% and let to purchase market with a spread of aggressive merchandise to assist these landlords handle their funds by way of fastened charges.”
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