TMW reintroduces 20% deposit buy-to-let mortgage range
The Mortgage Works has reintroduced its range of 20% deposit buy-to-let mortgages.
The specialist buy-to-let lender pulled its 20% deposit mortgages in May 2016 following tax changes announced by the Government.
The new mortgage rates are available for purchase and remortgages, and first-time and experienced landlords, as well as let-to-buy. The same criteria apply's to the limited company buy-to-let range.
The Mortgage Works has a range of two, three and five-year fixed rates and the lowest rate has a 2% arrangement fee. There are £1,995, £995 and £0 fee options.
Aaron Strutt, product director at Trinity Financial, says: “There is a selection of lenders offering 20% deposit buy-to-let mortgages including Clydesdale Bank, Kensington and Paragon Bank.
“The lenders typically require a minimum income to qualify and they use the rental income to calculate the maximum loan size. Some lenders will use the personal income to boost the maximum loan size if the rental income is not sufficient.”
Call Trinity Financial on 020 7016 0790 to secure a buy-to-let mortgage
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