The Mortgage Works (TMW) has launched two limited-edition fixed rate buy-to-let remortgage products.
Available until 4 October, the 50 per cent loan-to-value (LTV) deals come with a £1,995 arrangement fee, free standard valuation and free standard legals.
The two-year fix has a rate of 1.39 per cent, while the five-year fix is available at 2.14 per cent.
TMW has also dropped the £150 application fee for mortgage products.
Paul Wootton, managing director of TMW, said: “TMW is offering a new range of buy-to-let remortgage deals with competitive rates for those landlords with larger deposits, as well as removing the application fee across all our mortgage products.
“We are looking to extend choice of TMW mortgage options while removing upfront costs, allowing us to offer a wider choice of products and continue to support landlords in their choices.”
Kevin Dunn, mortgage and protection adviser at Leicestershire-based Furnley House, commented: “Certainly on the higher loan amounts, such as those taken out by borrowers in London, it could be really good.
“TMW have started paying proc fees for product switches, so if you put a lot of mortgages through on this deal, then in two years a lot of brokers will be looking to keep [clients] with the The Mortgage Works.
“It is good to have competitive mortgage products in the buy-to-let market, because landlords have been hit in many ways.”
simon.allin@ft.com
