Tag: The Mortgage Works
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TMW Buy-to-Let Rates Down to 3.69%
The Mortgage Works, a specialist in buy-to-let lending, has just cut their rates, meaning you could save on your mortgage payments. Let’s break down what’s new: Rates Starting From 3.69% You can now snag a buy-to-let mortgage with The Mortgage Works starting at 3.69%. This is a 2-year fixed rate for individual landlords, and it’s…
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Landlords Selling to Tenants – The No-Deposit Mortgage That Could be Your Ticket Out
It might sound too good to be true, but there’s a new type of mortgage that lets tenants buy their rented homes without needing to save a penny for a deposit. A Landlord’s Gift: The Concessionary Purchase Mortgage Lenders like TSB, Halifax, Nationwide, Barclays, and NatWest are offering “concessionary purchase” mortgages, which allow tenants to…
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The Mortgage Works Eases Criteria for Company-Owned Buy-to-Let Purchases
The Mortgage Works, a leading player in the buy-to-let (BTL) mortgage sector, has announced a significant relaxation of its lending criteria for incorporated landlords. This change is set to create more flexibility and opportunities for landlords who operate their rental businesses through limited companies. The primary update involves allowing limited company buy-to-let purchase applications where…
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The Mortgage Works New BTL Affordability Update
The Mortgage Works has announced improvements to its buy-to-let mortgage affordability criteria. This news spells good things for landlords and property investors, making it easier for them to borrow money and expand their property portfolios. The core of this update revolves around the reduction of interest cover ratios (ICRs) across The Mortgage Works’ range of…
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Buy To Let Mortgages Roundup – 6th February
The NRLA published a roundup of latest news and products from the BTL mortgage market. Here’s our summary – A Wave of Cuts The Mortgage Works Leads the Charge The Mortgage Works has made headlines not once, but twice in a single week, announcing rate cuts up to 0.15 percent for new customers. With rates…
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New Mortgage Deals for Energy-Efficient Properties
Paragon Bank has unveiled a range of new mortgage options specifically designed for buy-to-let landlords with energy-efficient properties. Paragon Bank’s latest venture introduces five-year fixed-rate mortgage products, catering exclusively to buy-to-let landlords. What makes these mortgages stand out is their focus on properties with high energy efficiency ratings. These “green” properties, identified by their A-C…
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TMW Unveils Buy-to-Let Rates Starting at 3.54%
In a bold move that’s set to shake up the buy-to-let mortgage sector, The Mortgage Works (TMW), Nationwide Building Society’s dedicated arm for property investors, has just announced a significant drop in its rates for new customers. With cuts of up to 0.15%, these new rates are not just a minor adjustment; they are among…
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TMW Reducing BTL Mortgage Rates
The Mortgage Works (TMW) has announced a substantial reduction in mortgage rates, effective from today, Wednesday 17 January. This change promises to make a big difference for both new and existing customers, with cuts of up to 1.20%. The new rates now start at a competitive 3.69%. New Deals for Buy-to-Let Customers TMW has focused…
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The Mortgage Works Crowned Top Buy to Let Mortgage Lender Again
Key points – The 2023/24 Your Mortgage Awards have spoken, and The Mortgage Works has been named the ‘Best Buy to Let Mortgage Lender’. This isn’t their first rodeo; they’ve clinched this title an impressive six times from 2010 to 2023/24. It’s a testament to their consistent performance and dedication in the buy to let…
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The Mortgage Works Reduces Company BTL Rates
TMW, a well-known mortgage provider, has announced a significant rate reduction for limited company mortgages. This is particularly relevant for landlords and investors who operate through a corporate structure. Here’s what you need to know: Let-to-Buy Mortgages: Reduced Rates Let-to-buy mortgages are a popular option for landlords who want to rent out their existing home…