TMW launches a buy-to-let fixed rate at 2.49%
The Mortgage Works (TMW) has launched one of the lowest two-year buy-to-let fixed rates at 2.49%. This mortgage has a 2.5% arrangement fee and landlords will need a 40% deposit to access the rate.
TMW is looking to lend more money to landlords and they have lowered some of their buy-to-let rates by 0.7%. They have also removed all of their 3.5% arrangement fee mortgages and lowered their maximum arrangement fee to 2.5% of the loan amount.
Godiva Mortgages is offering a two-year fixed rate at 3.19% and it has a flat £1,999 arrangement fee. The mortgage has a free property valuation and landlords will need a 35% deposit to access this rate.
June 21, 2013
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