The Mortgage Works Launches New Buy to Let Deals

British buy to let landlords looking for affordable and accessible mortgage options might be interested in the new offer launched by one of the leading landlords' lenders, the Mortgage Works (TMW). The lender claimed it aims to help buy to let investors looking for mortgages get a more competitive rate and, thus, to enhance the residential property sector in the aftermath of the economic downturn.

The Mortgage Works introduced a new let to buy mortgage deal for first-time landlords, which features a 75% loan-to-value-ratio (LTV); also, the lender slashed interest rates on some of its fixed rate mortgage deals by 0.6%.

On top of that, the Mortgage Works eliminated arrangement fees on many of its 2-, 3, and 5-year mortgages. The lender also introduced £1,000 cashabck offer on its Let to Buy and First-time Landlord deals.

Despite all the efforts that UK lenders make, experts of the Association of Mortgage Intermediaries still claim that the availability of funds for buy to let investors is scarce.