TMW launches new buy to let mortgage products
www.moneynews.co.uk > Mortgages > TMW launches new buy to let mortgage products
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Money News |
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TMW launches new buy to let mortgage products
Wed 25th May 2011
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Buy to let customers will now be given the chance to select products with rate reductions on Free Valuation and Free Legal deals.
Changes to the previous system also include loan to value tiers and the introduction of new arrangement fees for prospective homeowners.
The lender has also unveiled a new five-year fixed rate offer at 4.99 per cent, which offers customers 50 per cent loan to value.
TMW's head of product management and pricing Tracie Pearce said: "Our new five-year fixed rate product may appeal to those customers looking to manage the effects of rising rates on their monthly mortgage repayments."
After launching a number of buy to let deals in April, the mortgage lender offered extended end dates to first-time landlords.
TMW also introduced one-year and 18-month fixed rates, offering customers up to 80 per cent loan to value.
Click here for more mortgage news
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