TMW buy to let mortgages 'offer boost'

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TMW buy to let mortgages 'offer boost'

Buy to let mortgage customers may be attracted to a range of The Mortgage Works (TMW) deals due to a new financial incentive included.

The firm has launched a collection of tracker and fixed rate arrangements that feature no fees for valuation and standard legal services, or people can choose to receive £350 cash back.

Tracie Pearce, head of product management and pricing at the lender, highlighted how this gives landlords more choice when it comes to their property finance.

She said: "The free standard valuation and free standard legal fees will be a real boost for buy-to-let purchase customers."

The new range includes a one-year tracker at +2.89 per cent interest and a one-year fix at 3.39 per cent interest.

According to a survey by TMW, 51 per cent of brokers believe the number of first-time landlords will rise in 2011, with 24 per cent believing the opposite.

The same study found that 48 per cent of respondents expect professional landlords to expand their portfolios this year.

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