TMW lowers rates on buy-to-let range

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TMW lowers rates on buy-to-let range

Landlords looking to expand upon the number of properties they rent out could be interested in a recent announcement from The Mortgage Works (TMW).

The building society has today (July 13th) unveiled plans to lower rates across its buy-to-let range in a bid to help struggling homeowners.

As part of the new deal, members of the public can take advantage of reductions of up to 0.4 per cent across the existing two-year fixed and tracker products.

In addition, prospective buyers will now be able to switch between mortgage types without worrying about an additional fee.

"We're also allowing even more customers who take out new buy-to-let trackers to switch to a fixed rate at a later date," explained TMW's head of product management and pricing Tracie Pearce.

Last month, the lender announced plans to make improvements to its range of residential and guarantor mortgages by simplifying offers and reducing rates.

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