New BTL range from the Mortgage Works

The Mortgage Works (TMW) has made changes to its buy-to-let mortgage range, including the relaunch of tracker products with no ERC.

It has also made rate improvements of up to 0.25 percentage points.

The range includes new ERC free one-year tracker products at 65% and 75% LTV, with rates starting from 3.64%, 3.50% fee.

Selected buy-to-let two-year fixed rates at 65% and 75% LTV, with 3.50% fee have been reduced by 0.15 percentage points, with rates now starting from 3.74%.

Selected buy-to-let two-year tracker rates at 65% and 75% LTV have been reduced by up to 0.25 percentage points.

TMW has also introduced a two-year tracker rate at 3.99%, up to 65% LTV with £1,000 cashback, 3.50% fee and two-year fixed rates starting from 4.64%, with £2,999 fee.

Tracie Pearce, head of group mortgages, products and pricing, said: “We are very pleased to announce the launch of our new buy-to-let products. Supported by feedback from our intermediaries we have relaunched one-year tracker products with no early repayment charge and increased our flat fee options on the range