TMW launches 10-year fix buy-to-let mortgage
The Mortgage Works (TMW) has launched a leading 10-year fixed rate buy-to-let mortgage.
Priced at 4.99% it is available to landlords purchasing a property providing they have a 25% deposit. It has a £995 arrangement fee and the maximum loan size is £500,000.
Aaron Strutt, product manager at Trinity Financial, says: “Mortgage lenders don’t tend to offer fixed rates for longer than five-years as they prefer shorter term deals.”
After the fixed rate period, this mortgage will revert to the lenders standard variable rate, currently 4.99%. The APR is 5.2%.
If you would like help to secure a leading buy-to-let mortgage, call Trinity on 020 7016 0790.
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