Tag: The Mortgage Works
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The Mortgage Works Cuts Buy-to-Let Rate
The Mortgage Works, a division of Nationwide that focuses on buy-to-let mortgages, has announced a significant reduction in its interest rates for both new and existing landlord customers. This change, effective from 15 November, represents a strategic shift in the mortgage landscape for property investors. Reduction in Two-Year Fixed Rates The Mortgage Works has reduced…
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Buy-To-Let Still Giving 8% Returns in Some Areas
With rising interest rates, sterner regulations, and a tax squeeze, many prospective landlords are questioning the viability of their investment dreams. Yet, research from digital mortgage lender Molo Finance suggests that by picking the right locations, investors can still reap yields nearing an impressive 8% in England and Wales. Understanding Property Yields Before diving deeper,…
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TMW Slashes Buy-to-Let Switcher Rates
The Mortgage Works (TMW) has rolled out significant rate cuts on its Buy to Let Switcher range. This development, effective from Friday, 13th October 2023, could be useful for landlords aiming to swap their existing mortgages for more favourable terms amid an ever-competitive market. TMW: Championing More Competitive Mortgage Options TMW has unveiled a reduction…
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More Sellers are Cutting Asking Prices
In the UK, the rate at which house sellers are reducing their asking prices has hit its quickest pace in over a decade. According to Rightmove, the property listing site, the proportion of homes receiving at least one price reduction has soared to its highest since January 2011. The numbers? A significant 36% of homes…
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Three BTL Lenders Slash Rates for Buy-to-Let Investors
In a move that could benefit buy-to-let (BTL) landlords, three lenders in the UK have recently announced significant reductions in product rates. These rate cuts could provide potential savings for investors in the buy-to-let market. This article will delve into the details of these rate reductions, what they mean for landlords, and the broader implications…